कटौती योग्य (en. Deductible)

For constructions not completed within 5 years, only up to Rs.30,000 is deductible.

The scheme of was examined and it was observed that a duty has been cast upon the person responsible to make deduction of tax at source from any payment made on which tax is deductible.

If you are paying premium for self, family and parents (not senior citizens), the deductible amount is Rs 30,000.

This interpretation of the High Court completely loses sight of the plain words of (1) which in clear terms lays down that tax at source is deductible only from 'sums chargeable' under the provisions of the, i.e., chargeable under, and of the I.T. Act.

Sub-section (3) is inserted only to determine the deductible profits out of the total profits of business which can be attributed to the export business.

(a) the sums deductible under this Chapter shall be computed after making the following adjustments, namely.

As discussed, it’s impossible to cover every type of deductible business expense.