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Income from business

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(Querist)
11 September 2016 Sir I have a doubt how to detect types of expenses like Allowed expenses, Disallowed expenses and Allowed income,Disallowed income
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
12 September 2016 Whether is income is taxable or not is stated in Section 28 of the Income Tax Act. Similarly whether expense is allowed or disallowed is stated broadly in Section 36 of the Income Tax Act.

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