Income Tax 2019 - 552. page

Income Tax as Amended by Finance Act 2018

Amounts not deductible :   Section – 40. Notwithstanding anything to the contrary in sections 30 to 38, the following amounts shall not be deducted in computing the income chargeable under the head “Profits […]

Managing agency commission : Section – 39. [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.]

Building, etc., partly used for business, etc., or not exclusively so used :   Section – 38. (1) Where a part of any premises is used as dwelling house by the […]

General.: Section – 37. (1) Any expenditure (not being expenditure of the nature described in sections 30 to 36 and not being in the nature of capital expenditure or personal expenses of the assessee), laid […]

Other deductions : Section – 36. (1) The deductions provided for in the following clauses shall be allowed in respect of the matters dealt with therein, in computing the income referred […]

Deduction for expenditure on prospecting, etc., for certain minerals : Section – 35E. (1) Where an assessee, being an Indian company or a person (other than a company) who is resident […]

Amortisation of expenditure incurred under voluntary retirement scheme : Section – 35DDA. (1) Where an assessee incurs any expenditure in any previous year by way of payment of any sum to […]

Amortisation of expenditure in case of amalgamation or demerger : Section – 35DD. (1) Where an assessee, being an Indian company, incurs any expenditure, on or after the 1st day of […]

Amortisation of certain preliminary expenses :   Section – 35D. (1) Where an assessee, being an Indian company or a person (other than a company) who is resident in India, incurs, […]

Expenditure on skill development project : Section – 35CCD. (1) Where a company incurs any expenditure (not being expenditure in the nature of cost of any land or building) on any […]