Income Tax 2019 - 554. page

Income Tax as Amended by Finance Act 2018

Expenditure on know-how : Section – 35AB. (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 […]

Expenditure on scientific research : Section – 35. (1) In respect of expenditure on scientific research, the following deductions shall be allowed— (i) any expenditure (not being in the nature of […]

Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies : Section – 34A. (1) In computing the profits and gains of the business […]

Conditions for depreciation allowance and development rebate: Section – 34. (1) [***] (2) [***] (3)(a) The deduction referred to in section 33 shall not be allowed unless an amount equal to seventy-five per […]

Rehabilitation allowance: Section – 33B. Where the business of any industrial undertaking carried on in India is discontinued in any previous year by reason of extensive damage to, or destruction of, […]

Reserves for shipping business : Section – 33AC. (1) In the case of an assessee, being a Government company or a public company formed and registered in India with the main […]

Site Restoration Fund : Section – 33ABA. (1) Where an assessee is carrying on business consisting of the prospecting for, or extraction or production of, petroleum or natural gas or both […]

Tea development account, coffee development account and rubber development account : Section – 33AB . (1) Where an assessee carrying on business of growing and manufacturing tea or coffee or rubber […]

Development allowance : Section – 33A . (1) In respect of planting of tea bushes on any land in India owned by an assessee who carries on business of growing and […]

Development rebate :   Section – 33. (1)(a) In respect of a new ship or new machinery or plant (other than office appliances or road transport vehicles) which is owned by […]