Disallowance of Tax on Income - (New) Section 35(a)(i) & (ii) / (Old) Section 40(a)(ii)

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....an expense incurred to earn income. (i) Tax paid on income • Includes: • Income tax • Corporate tax • Minimum Alternate Tax (MAT), etc. (iii) Foreign tax eligible for relief • tax paid in any other country for which relief is eligible under section 159 or 160, This clause explicitly include Surcharge and ....

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....AY 2005-06] • Explanation 3.- For the removal of doubts, it is hereby clarified that for the purposes of this sub-clause, the term "tax" shall include and shall be deemed to have always included any surcharge or cess, by whatever name called, on such tax. Tax consequences when surcharge/cess was claimed  as deduction before the aforesaid amendment [ Section 155(....

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....ction 154(7) being reckoned from the end of the previous year commencing on the 1st day of April, 2021. Exceptions of section 155(18) waiver from penalty u/s 270A(3) • where the assessee makes an application electronically to the Assessing Officer in the form no. 69 on or before 31st March 2023, requesting for recomputation of the total income of the previous year without allowing ....