Laws / Income Tax Law / 30B
30B - Treatment of disallowances [new]
30B. Treatment of disallowances.- Notwithstanding anythingcontained in section 82C or any loss or profit computed under the head “Incomefrom business or profession”, the amount of disallowances made under section 30shall be treated separately as “Income from business or profession” and the taxshall be payable the...
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