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Amendment of Section 36
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....e following Explanation shall be inserted, namely:- "Explanation 2.-For the removal of doubts, it is hereby clarified that for the purposes of the proviso to clause (vii) of this sub-section and clause (v) of sub-section (2), the account referred to therein shall be only one account in respect of provision for bad and doubtful debts under c....
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....taxable commodities transaction" shall have the meanings respectively assigned to them under Chapter VII of the Finance Act, 2013.'. - Clause 6 of the Bill seeks to amend section 36 of the Income tax Act relating to other deductions. The proposed amendment seeks to insert Explanation 2 to the clause (vii) of sub-section (1) of the said section so as to clarify that f....