Profession Tax

Last updated: 07 September 2007
Circular No: 16 Date of Issue: 18/2/1969 Section(s) Referred: 37(1) Statute: Income-Tax Act [15] Professional tax-Admissibility of professional tax as revenue expenditure under section 37(1) of I.T. Act, 1961. It has been represented to the Board that the professional tax is not being allowed

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