Expenditure incurred by a corporation or body corporate for the objects and purposes authorised - (New) Section 32(f) / (Old) Section 36(1)(xii)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....] Under Section 32(f) - Deduction is allowed for revenue expenditure (not capital) incurred by a corporation or body corporate that is: • Created by law (Central, State, or Provincial Act), • Notified by the Central Government, and • Spending the money for the objects and purposes authorised by the Act under which it is constituted or established; Under....