The discount on a coupon bond is the difference between the face value of the
INTREST ON BORROWED CAPTIAL [SEC.36(1)(iii)]
Section 36(1)(iii) of the Income Tax Act, 1961 allows a deduction for the amount of
BONUS OR COMMISION TO EMPLOYEES [SEC.36(1)(ii)]
Section 36(1)(ii) of the Income Tax Act, 1961 allows a deduction for any sum paid
INSURANCE PREMIUM ON HEALTH OF EMPLYOEES [SEC.36(1)(ib)]
Section 36(1)(ib) of the Income Tax Act, 1961 allows a deduction for the insurance premium
INSURANCE PREMIUM PAID BY A FEDERAL MILK CO – OPREATIVE SOCIETY
The insurance premium paid by a federal milk cooperative society for the life of cattle
INSURANCE PREMIUM [ sec .36 (1) (i)]
Section 36(1)(i) of the Income Tax Act, 1961 allows a deduction for the amount of
CONSEQUENCES IN THE CASE OF AMALGAMTION OR DEMERGER
The consequences of amalgamation or demerger under income tax in India are as follows: Capital
AUDIT REPORT
An audit report under income tax is a document prepared by a chartered accountant (CA)
AMORTISATION OF EXPENDITURE UNDER VOLUNTARY RETIREMENT SCHEME (SEC 35DDA)
Section 35DDA of the Income Tax Act, 1961 allows a deduction for the amortization of
Consequences of claiming deduction under section 35AD
No other deduction allowed: If you claim deduction under Section 35AD of Income Tax Act, you