Hello,
Kindly suggest what are important important provisions of deduction for allowances & disallownces of expenses & income while computing taxable income from business & profession relevant for Ay- 2018-19 for may-2018 ipcc.
Major sections dealing with disallowance are
1. Section 40
2. Section 40A(2)
3. Section 40A(3)
4. Section 43B
5. Explanation to Section 37(1)
CAclubindia
