Animals used in Business otherwise than as Stock-in-Trade - (New) Section 32(j) / (Old) Section 36(1)(vi)
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....income chargeable under section 26:-- The difference between • actual cost of animals used for the purposes of the business or profession and • the amount realised from the carcasses or animals, where such animals have died or become permanently useless; If animals are held for sale (like in livestock trading), then: • This clause does not apply ....


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