Are you looking to understand about Deduction in respect of expenditure on specified business ?  This detailed article will tell you all about Deduction in respect of expenditure on specified business. Hi, my name is Shruti Goyal, I have been working in the field of Income Tax since 2011. I have a vast experience of […]

Are you looking to understand about Expenditure on eligible projects or schemes ?  This detailed article will tell you all about Expenditure on eligible projects or schemes. Hi, my name is Shruti Goyal, I have been working in the field of Income Tax since 2011. I have a vast experience of filing income tax returns,

Are you looking to understand about Expenditure for obtaining licence to operate telecommunication services ?  This detailed article will tell you all about Expenditure for obtaining licence to operate telecommunication services. Hi, my name is Shruti Goyal, I have been working in the field of Income Tax since 2011. I have a vast experience of

Are you looking to understand about Expenditure for obtaining right to use spectrum for telecommunication services ?  This detailed article will tell you all about Expenditure for obtaining right to use spectrum for telecommunication services. Hi, my name is Shruti Goyal, I have been working in the field of Income Tax since 2011. I have

Section 35AB, of Income Tax Act, 1961 states that (1) Subject to the provisions of sub-section (2), where the assessee has paid in any previous year relevant to the assessment year commencing on or before the 1st day of April, 1998 any lump sum consideration for acquiring any know-how for use for the purposes of

Section 35A, of Income Tax Act, 1961 states that (1) In respect of any expenditure of a capital nature incurred after the 28th day of February, 1966 but before the 1st day of April, 1998, on the acquisition of patent rights or copyrights (hereafter, in this section, referred to as rights) used for the purposes

Section 35, of Income Tax Act, 1961 states that (1) In respect of expenditure on scientific research, the following deductions shall be allowed—  (i)  any expenditure (not being in the nature of capital expenditure) laid out or expended on scientific research related to the business. Explanation.—Where any such expenditure has been laid out or expended

Section 34A, of Income Tax Act, 1961 states that (1) In computing the profits and gains of the business of a domestic company in relation to the previous year relevant to the assessment year commencing on the 1st day of April, 1992, where effect is to be given to the unabsorbed depreciation allowance or unabsorbed

Section 34, of Income Tax Act, 1961 states that (1) [***] (2) [***] (3)(a) The deduction referred to in section 33 shall not be allowed unless an amount equal to seventy-five per cent of the development rebate to be actually allowed is debited to the profit and loss account of any previous year in respect of which