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Computation u/s 41
Dear All,
Section 41 talks about a computation to be given in regards to profit chargeable under the section 41.
Can any one help me understand what type of computation
NOTE:A draft computation will be helpfull
Thanks
Replies (2)
I think the below attach file will be helpful for u
the following receipt are chergeable to tax under section 41(1,2,3 etc)
1. Recovery against any deduction for ex. refund of tax
2. sale of assets used in scientific research
3. recovery of bad debt otherwise any amount which take deduction in tax comptatioin then after recovery we able to pay tax on this amount u\s 41
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