No-Income Period Expenses: Can You Claim Deductions Under Section 37(1) or 34(1)?

Vivek Jalan , Last updated: 06 November 2025  
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Section 37(1) of Income Tax Act 1961 (ITA'61) provides that "Any expenditure (not being expenditure of the nature described in sections 30 to 36 1[****] and not being in the nature of capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purpo

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Vivek Jalan
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Category Income Tax   Report

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