Income Tax

Agricultural development allowance

Agricultural development allowance

Are you looking to understand about Agricultural development allowance ?  This detailed article will tell you all about Agricultural development allowance. 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, accounting, tax advisory, tax consultancy, income […]

Export markets development allowance

Export markets development allowance

Are you looking to understand about Export markets development allowance ?  This detailed article will tell you all about Export markets development allowance. 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, accounting, tax advisory, tax

Deduction in respect of expenditure on specified business

Deduction in respect of expenditure on specified business

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

Expenditure on eligible projects or schemes

Expenditure on eligible projects or schemes

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,

Expenditure for obtaining licence to operate telecommunication services

Expenditure for obtaining licence to operate telecommunication services

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

Expenditure for obtaining right to use spectrum for telecommunication services

Expenditure for obtaining right to use spectrum for telecommunication services

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

Expenditure on know-how

Expenditure on know-how

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

Expenditure on acquisition of patent rights or copyrights

Expenditure on acquisition of patent rights or copyrights

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

Expenditure on scientific research

Expenditure on scientific research

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