#section 36(1)(vii)
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125 articlesIncome Tax

Income Tax
Employees' contribution to PF is eligible for Deduction U/s. 43B
Income Tax

Income Tax
Interest cannot be disallowed if huge interest free funds were available without any interest
Income Tax

Income Tax
Will CBDT look into the following and allow Government to amend the tax law?
Income Tax

Income Tax
Disallowance on account of bad debt & advances written off not justifed
Income Tax

Income Tax
GRATUITY- direct cheque issued to LICI, allowed by CIT(A), ITAT, HC and confirmed by SC as contribution to Gratuity Fund
Income Tax

Income Tax
Bad Debt is allowable irrespective of provision for bad and doubtful debts created by Bank -SC
Income Tax

Income Tax
If assessee advanced to sister concerns or others without interest for no business purpose, interest to that extent to be disallowed
Income Tax

Income Tax
Allowability of bad debts under section 36(1)(vii)
Income Tax

Income Tax
Loss of investment not allowable as business loss and for claiming an amount as bad debt conditions specified in section 36(2)(i) are required to be fulfilled
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Income Tax
Assessee is entitled to depreciation on Wind Electric Generators from the date on which it was installed and commissioned
Income Tax

Income Tax
It is not imperative for assessee-bank to close individual account of each of it’s debtors in it’s books for claiming deduction U/s. 36(1)(vii)
Income Tax

Income Tax
Supreme Court rules write off of debt is sufficient for claiming bad debts
Income Tax

Income Tax
