Deductions
Section 30 Expenses of Building
Section 31 Repairs Insurance of Plant and Machinery and Furniture
Section 35 Expenditure on Scientfic Research etc Amendment
Section 35 Expenditure on In-house Research Amendment
Section 35AC Expenditure on Eligible Projects & Schemes Amendment
Section 35CCA Rural Development Programmes
Section 35 CCC Expenditure on Agriculture Extension Project Amendment
Section 35 CCD Expenditure on Skill Development Project Amendment
Section 35D Expenditure on Preliminary Expenses
Section 35 DD Expenditure on Amalgamation/ Demerger
Section 35DDA Expenditure on Voluntary Retirement Scheme (VRS)
Section 36(1) Other Deductions Amendment
Section 37(1) General Deduction
Section 37(2B) Advertisement in Political Parties Pamphlet/Brochure etc
Section 38-Assets Partly Used for Business
Expenses Not Deductible
Section 40(a) Certain Expense Disallowed
New Section 35ABA Spectrum Fees Similar to Section 35ABB
Comparison of Section 35AC, 35CCA, 35CCC and 35CCD
Section 40A Certain Expense Disallowed Amendment
Section 43B Certain Deductions Only if Amt paid
Last updated at May 29, 2023 by Teachoo
We know that
PGBP INCOME=
Incomes
Less
Expenses
Hence we can say that
Expenses are deducted while calculating PGBP Income
However All Expense Not allowed to be deducted
Such Expenses Which are Alowed to be deducted are Called Deductions under PGBP Income
If expense is not allowed to be deducted,it is called Expense Disallowed
Lets study these in detail one by one
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