Budget 2022: Clarification regarding treatment of cess and surcharge

Last updated: 02 February 2022

1. Section 40 of the Act specifies the amounts which shall not be deducted in computing the income chargeable under the head Profits and gains of business or profession. Sub-clause (ii) of clause (a) of section 40 of the Act provides that any sum paid on account of any rate or tax levied on the prof

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Category Union Budget   Report

Comment   Share
  2349 Views
Comments

Recent News :

  1. New Draft Format for TDS/TCS Book Adjustment: Full Details, Applicability & Compliance Guide
  2. Fino Payments Bank Clarifies GST Probe, Denies Any Tax Evasion
  3. Rahul Gandhi Demands Rollback of Tax on Disability Pensions, Seeks Higher ECHS Budget from FM Sitharaman
  4. India's Real GDP Grows 7.6% in FY 2025-26 Under New Base Year Series Released by MoSPI
  5. CBIC Notifies Guidelines for Eligible Manufacturer Importer Scheme, Facility from 1st April 2026
  6. Retired Income Tax Officer Convicted to 4 Years in Rs 15,000 Bribery Case
  7. GST Collection February 2026: Gross Revenue Surges 8.1% to Rs 1.83 Lakh Crore
  8. New Reporting Norms: Draft Form 166 to Capture Detailed Account & TIN Information
  9. CBIC Issues Revised Charge Allocation for Members: Key Portfolios Notified
  10. Indirect Transfer Tax Gets Clarity: New FMV and Attribution Formula Notified in Draft IT Rules 2026

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us


Browse by Category