AUBSP»Income Tax»Taxpayers»Section 29 of Income-tax Act 1961-2017 – Income from profits and gains of business or profession, how computed

Section 29 of Income-tax Act 1961-2017 – Income from profits and gains of business or profession, how computed

Detail analysis of the provisions of Section 29 (Income from profits and gains of business or profession, how computed) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Chapter IV (Sections 14-59) of Income Tax Act, 1961 deals with provisions related to computation of total income. Section 29 of Income Tax Act 1961-2017 provides Special provision for Income from profits and gains of business or profession, how computed.

The income referred to in section 28 shall be computed in accordance with the provisions contained in sections 30 to 43D.

If you don't want to miss our daily Notes and Updates then you may Subscribe to AUBSP via Email | Facebook | Twitter | and Google Plus

Leave a Reply

avatar
  Subscribe  
Notify of
Top