TaxTMI 
TaxTMI 
Gross earnings
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.... sub-section, include the following :- (i) the amount of any compensation or other payment, accrued or received, for- (a) termination or modification of a business agreement or agency; or (b) vesting of the management of any property or business (ii) any consideration, accrued or received under an agreement for noncompete; (iii) the value of any benefit or perquisite accrued to, or received by, a person, being a trade, professional or similar association, in respect of specific services performed for its members; (iv) the amount of profits on sale of any licence obtained in c....
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....enditure; and (b) the trading liability or statutory liability or loss or expenditure has been allowed as deduction in any financial year; (xiii) the amount of reduction, remission or cessation of any liability by way of loan, deposit, advance or trade credit; (xiv) the amount recovered from a trade debtor, to the extent determined under sub-sections (4) and (5); (xv) the amount withdrawn from any special reserve created and maintained under any provision of this Code or the Income-tax Act, 1961, for which deduction has been allowed, if the amount is not utilised for the purpose and within the period specified therein; &....
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....ayments is in respect of any expenditure referred to in sub-section (1) of section 32; (b) the expenditure is allowable as a deduction in any financial year; (c) the payment or aggregate of payments exceeds a sum of- (I) thirty thousand rupees if the payment is made for carriage of goods by road; and (II) twenty thousand rupees in any other case; (d) it has not been incurred in such cases and under such circumstances, as may be prescribed; (xxv) any amount standing to the credit of the F....