Unlocking Section 37(1): Understanding allowable Deduction for Business or Profession

Business tax - Business tax deductions India - Tax deductions for business - Tax savings for businesses - taxscan

In India, the government provides several tax deductions to companies in order to boost business growth. However, they are applicable for a specific list of expenses which are stated under Section 37 of Income Tax Act. Section 37 of Income Tax Act? Any expenditure (not being expenditure of the nature described in sections 30 to…

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