Amendment of section 37.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tiated in relation to contravention under such law as may be notified by the Central Government in the Official Gazette in this behalf. . - Clause 13 of the Bill seeks to amend section 37 of the Income-tax Act relating to general. Sub-section (1) of said section, inter alia, provides that any expenditure not being the expenditure described under section 30 to 36 or of capital or personal nature, s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uch law as may be notified by the Central Government in the Official Gazette in this behalf within the scope of its clarification. This amendment will take effect from 1st April, 2025 and will, accordingly, apply in relation to the assessment year 2025-2026 and subsequent years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X