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Promoting and advertising bills incurred by a firm for its business enterprise applications are relevant for deduction beneath Section 37.
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In India, the government provides several tax deductions to businesses to be able to Increase company advancement. Even so, They're relevant for a selected listing of expenditures which might be mentioned below Area 37 of Money Tax Act.
Earnings assertion only. Retained earnings only. Statement of retained earnings and assertion of cash flows. Statement of cash flows only. Problem 38 Which inner Command theory prescribes using
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Additionally, salaries compensated to the agency’s associates can be eligible for deduction. Even so, it is actually limited to particular problems existing less than Section 37 of your Act. Income paid towards the organization’s proprietor won't be relevant for deduction.
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