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PGBP Section List

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17 views

PGBP Section List

Uploaded by

pavan30195
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Sections Particulars

28 Income chargeable under PGBP


28(i) General Clause-Profits and Gains from Business and Profession
2(13) Meaning of Business
2(36) Meaning of Profession
28(ii) Management Compensation
28(iiia)/(iiib)/(iiic) Export Incentives
28(iv) Any benefit, facilities, or perquisites in Business or Profession
28(v)Interest/salary/bonus/commission received by partner from Firm/LLP
28(va) Non Compete Fee
28(vi) Keyman Insurance Policy
28(via) Stock converted into asset
Amount received as insurance compensation/receipt for destroyed/sale of Specified Business Asset
Recovery of Expenses/Losses during relevant previous years which were claimed as deduction in earlier year
Remission/Cessation on outstanding liabilities during relevant previous years which were claimed as deduction in
earlier year.
41(2) Balancing Charge on sale of SLM assets.
41(3) Recovery of Bad Debts
Research Asset sold without use in normal business
30 Revenue expenses incurred on Building to be use/used in business by Assessee (owner/tenant)
31 Revenue expenses incurred on Plant and machinery to be use/used in business by Assessee (owner/
tenant)
32 Depreciation
32(1)(iia) Additional Depreciation
38(2) Assessing Officer (A.O.) Power to determine ratio for usage of Asset
43(6) Computation of WDV
43(1) Actual Cost of Asset
35 Donation to approved Research Institution
35(2AB) In-House Research Expenditure
35AD Specified Business/VIP Business
35CCA Donation to national fund
35CCC Expenses on Agricultural Extension Project
35CCD Expenses on Training Program under Notified Skill Development Program
35D Preliminary expense
35DD Expenses incurred on amalgamation and demerger
35DDA VRS Compensation paid to Employee
37(1) General Deduction
37(2B) Expenses incurred in any type of publication of Political Party
38(2) All expenses incurred on asset in proportion to personal use determined by A.O.
40(a) TDS Default not deducted or deducted but not deposited
40A(2) Excess of Market Value on revenue expense incurred on good/services received from specified person
40A(3) Cash Payment made for revenue expenditure greater than ` 10,000 to a single person for a single bill
40A(3A) Cash received in respect outstanding revenue expense, previously claimed > 10,000
40A(7) Employer’s contribution to Unapproved gratuity fund.
40A(9) Employer’s contribution to NPS in excess of 10% of Salary.
44AA Maintenance of Books of Accounts
44AB Tax Audit

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