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Taxation law 2.3
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0% found this document useful (0 votes)
103 views9 pagesPGBP 1
Taxation law 2.3
Pgbp
Uploaded by
arachanaranipalaCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
/ 9
(CHAPTER 3
PROFITS AND GAINS OF BUSINESS OR PROpp,
SI
(GECTIONS 28 TO 44D)
(1) Business
fra son 203, bn chi oy a
onde hs Share of caren ni of edt
ada ey oct cri en aan
Teac abou a person eter by Kesar tough eter 8 ie
sae aj pls, Borat Development Pu. Lid v CIT (av
amie nae non mae, ag go oa
Oe chen ar or ae ee
rl ade 3 908 SH. Ey) op og hn
Dac sera be bane Enno bla aac
fem cron aca cranes Tre ae
oe eth he mente: of the person, the parody of the tanec
a ease curate ito te transaction lal be relevant to doce
ors ohn i i vacion nanan 1 be cen ini
stata torn pay roe nia
et hn kl sto nearest mas
a lps coy el noapaton con
osm aa tein pas
2) Profession and Vocation
Sacto 236) dtines Profession’ to ncae wocatlon. The word poles
ple of atarents spect howled as didngushed fom re
SURpoehrowledge™ which to be acura cay aller pent sty ans
sppirske Many woratons my all within Be ory ar acepted se he
APA prlesion, Even a person cares on sy actly, nt en the ts
“hy Ba nouldge apie cut of pressed shy, degre or dploma bt ot
‘een of tor tlt sll and tates ary icone dered heer sha
‘ho te eonsered a profesional ome
Thine asa of any delintion af the werd vocation’ in the At is
cotual Ssiy f'n for son paar werk The word ‘woca! 1
“pao ocala meng the a which aan pss his te
(8) Chargeabilty (See. 28)
Te along ers of coe sal be charlle tax under the hed
Polis and Gans of Busse or Peston
1) Polis a gon of any tess oF poles cad on by he
Ti Aw compensation or other poyment da to or recened by #
(rnin ot emda to
management of ofa of an ndan company “OR elatng to
Tenet tonto
India of any other company nodtication of the ates in
1 tomato otto
for business acy in India wmect relating to agency
reef ea
f —ae
pool lm tarsal pep
Syl ofr e ranogenr aoe ty Cert
Fa econ ty cee ee
pace servis performed forts nenben tnter emccaton trom
ee
exert center es On export busines, the flowing
i Pe one nen Data
Cath aise taeonpens epee
(Bac to dap one
thd Ay pet on he toute tS
set a Rem cn et ti
SS smatte!wo eal wt ee 5 07 Ree Tak
irclopnent ond Resse Act 299g, it © Foran Tete
fry Poh en windy Dy Fe
cal eS tle Be etre
ce ee ce nee Ot oa
‘Becht ti
The kl ay ht or pre oar co
cee a th coe my area peta a et
Sean le tl We
Any blr iy hres comin rm
sean wf prs fn fon se on Whe oy che
st afta dado wit mtn IBV eae
shade ed ec lt rh por
aunt
‘hey har cd cle cashed.
geen fr
A pcan shorn ay bm
0), esueg oy trent pte opp a ar
se ty et es eee ef
ar emai ei emi
vane algo pron rae
iokwn hsv ssc) sano 0p
yaaa uteri cr cb, ch ee
seco tiesto es
mere sexy orate oo rele
SEER SEG ha Ct ae C comment
saunas
ite ttn ie ve
=
fey nen ned ke # hoon enc pe
“tang,
surat for rh pay,
werd a9 caplet deem Uy
comet lt San
Tl he lr mel ve of HERIOT 38 cn he dag
ere At 209 ec ng hc
i a
sy m,n et eid
acolo ty tpi at tir ade gree
ee
‘Siem borg Sonolsed. cesrved dcr oy
CE he expt on sch cal act ae bc SO
(eScsnaner eeon 35 AD. ston
Acre Een 2 we, 28 whe te
cpeoltta revusone which cnainge 9 Baines aah fang
‘Shon ropa an Gite ene. ate
(4) Computation (See. 29)
“Tero ef sx 29 mae it rth hence rll as:
sta ected scl nth the potsonscntaed in 3 ei
(6) Method of Accounting (Se. 145)
Acne, he coe rte nd head Pr
Con lar Pen al cpl acne wth aera
Se ty as heme
Scour anal nen ree tony. dr
‘Stipe cg sel wn ge On ther ba
‘Sse nse spe Sale on ec sd pans
m=
igh hat ir ede a ee
ci cade rt teers
‘mehr rt ba compl meat nh ae =
Se eh Sy mete
sl a era cad
Soeie Tonnies Siamese aang
SSA at aah terse
cracker dics de® mm mad
ors 80 CANS OF SEES Hy
of Deductions and Allowances [Sections 30 1 37)
oo un
re tts ae ah dy
meee 2 eat et pe
vert pei eh go,
J Touro repats nether came oo eT
ta tie
cs et of se hf eb cg
pon on meant il om rma
as: 2 gut of any Prem in respec of szance agate ko
a, ean be pen owes
(on chy Pt dea 30
ce ay epee we toe enn
se ral cn
cet nese ee ae i
at oeee a ae
(gy Depreciation (Se $2)
ec ny mans leo dees nae hich ecu gry
oe Coe to al hi, doo pel wor a sy ad
src lanes or dade ne th cote eed
Seed marae.
Teresa of depeciaton ot
Th taki actin, or, ing ge sete
Ii nwo, ptr copy, ator, es, archi ot
soy cer tenes or contel igh ts are. borg be
sLSSGuted cm or sherbet yo Ri 1958 nat bars gn
‘rao profess,
a hl or pry, the asses and ual oth pss ol ers
Poin owing deacon sha alowed
the cst of nt ef on undrating eae mgt cr
enerton and ain ef power, ach reine af he ae ct
tet asec oy be prac
inthe eu fey Hoo aes ach prety Se ton
own tar async 28
Inert otal eect, oe shal say elu andor —
Whale ton he
(a The sence ns eh cr ot mt Wh afl fn
ssesent or 199738 ton carp ab eit er
‘lama epee. i
“Tatts ad orth pupae
» at tS on
Th St nt te pros
se eget ot Se
I oe ee ope ORS
Cpe wth oan ag,
vce et ann ase align
ne sy
nett Awa ein 328)
ct ary
ones arbres ste
societal pew tw pe
tee opt
sits te ey pot te a Sok
co a ante Ste ae ot
een ee nb ee eee
ee ar fa ott be wa a
Fate :
(rimounn bps S328)
a pane nn
«on Feed Gan of Bases Presi Rm het
‘amy
(ny amt on aie
oan aie vig dak maces tom Beene
per lter eieteratentatrty
i sino ge rei enw
amount inthe depast account under clause fl ~—
ach oder ug er a te wes
ace Gomi Stace dul sled sdedocin of
Taney aere mao teat
Steady at ok an
(oem neers
. bay un)
spread Eg ce es
sti icy oe lg a a ea
Societal Seer cae wie
Teter
9 arn can en pr cet ef tse er ay A, ONS
selemuts sigan teem
atts Setar So A
(0 GANS OF BUSINSSORFRORS0N ts
eon
sng seared oe a co eS,
we,
eo ge BER of Mach 01 en by
pS EN om net ae
ma
Nea guence, beg 0 Cpa eg in he bse
Se yw ct, id
doe hh at st sy Pe
sc on te wa a ae
ie ar pr kav cst on ct
senttach, 207g gal cos of ich tw sts re as
ees FS fos year
Ms ttn hn at 0 he an
el Sate See
xsl te ac ae
Saleh tpn tne satin tal
re te tbe oto is boa
e's dia on le Sin er bet
al fo deduction under sub-section (1A) shall be allowed for ay assent
eget eat a
so arpa at ated by he mene lor ore
ee
wersja te ate fe aor test Stn
Fees cn arb tn A ape othr ea
Sia elon Nora
ve paste pence tana
Fa emai ail ape argo 1
eel aah new
“shen ne et al hewn tore in comin wth
nao engulf ans oe nl
gee eides fade a pe raat
sen org copy a hese maf ey mo! Pe
‘SEY We uno cpary ar bbe’ i
For pms mer, ae sy a
cs in rp rab oe
ty ple hy ihre io ye se
wo nd i er ee a te Pe
Sa sro ache ttd mficeemi&
seston ig nemo ee 8
tu ny fe apnea compte cn
(ofan hike or no
(ay pam orca, th we of te act
tnt sacton ter yw of owen oe
eters
cos of wich is va the cone cterpbl wth tend Pe
Ss ele penn er
cee 38D
ee EA our mae de
centage re et tn Sa
a Si tO ya a
Sra eel ase Soe Ped Se to
wa cra st tee
nr aay aan cen
(2) coco WS por danse) case
ve ech tet dase ae
wel teat ten sm
me gat 8 Pee Fe? Mi eecton (1 respect of sich new
Sn tf mane ar
ie incor protenon” of te previ Yea nub au,
Se oe Caps of Beste rd an 0 ty Be, ry
ia
ca ay <
MS company o i cection 47, 0s the care may be, as
earns ach cise cee
crores
oa ‘ony
“ine om ame Ca 6 a
he uso his st
oat Ba ti a
et yn. hd re
on Ter hin ot he =
(ay le ag acomanadaton the ate capt
ea comet,
otic anes ng compte or came tes
ee arf op
1 maces, tm le of te alo
felony plano mack
ey ay of dpreciation ont
st it gl
Spun th ee cael wd he
(CR: poten of any pres Yo"
Development Rebate (See. 33) Sa oa
st ern Pa rie wc
eTacmoeei mene
The wen reed
Wy nite cme cle
she mmsee
Pn es hay
ama
tect ny oy
vant