Laws / Income Tax Rules, 1984 / 65

65 - Amount or rate for allowance of entertainment expense

For the purpose of section 30 (f) (i) of the Ordinance, the amounts or rates in excess of which no deduction shall be admissible for expenditure in respect of entertainment are specified below:
(a) On the first take 10 lakh of income, profits and gains of the business or profession (computed before making any allo...

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