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What is the Deduction for Bad Debts Under Section 36(1)(vii)? Complete

Introduction Bad debts are an inevitable part of any business that offers goods or services on credit. When a debt becomes irrecoverable, the Income Tax Act, 1961, provides relief by allowing businesses to claim a deduction under Section 36(1)(vii).

How Are Expenses for Employee Health Insurance Treated Under Section 36? A Complete

Introduction Employee health insurance is a critical part of workplace benefits, reflecting an employer's responsibility towards the well-being of their workforce. The Income Tax Act, 1961, recognizes such expenditures as legitimate business expenses and allows deductions under Section 36.

Expenses Can Be Claimed as Deductions Under Section 30? Complete

Introduction Section 30 of the Income Tax Act, 1961, specifies the deductions that taxpayers can claim for expenses related to the maintenance of buildings used for business or professional purposes. These deductions help reduce taxable income by accounting for

Tax on Profits and Gains from Business: Complete Guide

Introduction The Income Tax Act, 1961, specifies distinct heads of income to categorize various forms of earnings for tax purposes. One such head is "Profits and Gains of Business or Profession," which encompasses income from trade, commerce, or professional

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What is the Deduction for Bad Debts Under Section 36(1)(vii)? Complete

How Are Expenses for Employee Health Insurance Treated Under Section 36? A Complete

Expenses Can Be Claimed as Deductions Under Section 30? Complete

Tax on Profits and Gains from Business: Complete Guide

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Tag: income tax deductions

What is the Deduction for Bad Debts Under Section 36(1)(vii)? Complete

How Are Expenses for Employee Health Insurance Treated Under Section 36? A Complete

Expenses Can Be Claimed as Deductions Under Section 30? Complete

Tax on Profits and Gains from Business: Complete Guide

Explore

Contact

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