Certain fee etc. paid to a State Govt. Undertaking to the State Goverment - (New) Section35(d) / Section 40(a)(iib)

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.... undertaking (SGU) to its State Government in the form of certain fees or charges will NOT be allowed as a deduction while computing taxable income. Payments such as: • Royalty • Licence fee • Service fee • Privilege fee • Service charge • Any other similar charge (by any name) If these are levied exclusively ....

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....greements or voting agreements or in any other manner; (e) an authority, a board or an institution or a body established or constituted by or under any State Act, or owned or controlled by the State Government; Under Section 40(a)(iib) of the Income Tax Act, 1961 [ Upto 31.03.2026 ] Any amount paid by way of royalty, licence fee, service fee, privilege fee, service ch....