Section 29 - Income from profits and gains of business or profession, how computed - Income-tax Act, 1961

Income from profits and gains of business or profession, how computed. 29. The income referred to in section 28 shall be computed in accordance with the provisions contained in sections 30 to 1 [ 43D ]. -------------------------------------- Notes :- 1. Substituted for 43C by the Finance (No. 2) Act, 1991, w.e.f. 1-4-1992. Earlier 43C was substituted for 43B by the Finance Act, 1988, w.e.f. 1-4-1988, 43B was substituted for 43A by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989 and 43A was substituted for 43 by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1967.