General Deductions-Section 37

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..... General Deductions-Section 37
Query (Issue) Started By: - Poornima Gupta Dated:- 3-10-2023 Last Reply Date:- 5-10-2023 Income Tax
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Income Tax
Section 37 - General - Income-tax .....

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..... Act, 1961 (taxmanagementindia.com) (2B) Notwithstanding anything contained in sub-section (1), no allowance shall be made in respect of expenditure incurred by an assessee on advertisement in any sou .....

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..... venir, brochure, tract, pamphlet or the like published by a political party. Q. Why such expenditure is not allowed under IT Act? Reply By Padmanathan Kollengode: The Reply: Poornima Gupta, I think .....

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..... because deduction is given under section 80GGC in respect of contribution to political parties, the disallowance in Sec. 37 may be to prevent double benefit of the same.
Discussion Forum - Knowle .....

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..... dge Sharing .....

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