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Income Tax Deductions for Companies by akash.chattoor1 is a document available to read on EtoBox.

What is Income Tax Deductions for Companies about?

The document outlines provisions in the Income Tax Act 1995 regarding deductions for companies. It specifies that companies can deduct twice the expenditure on specialized software, thrice the amount donated to certain charitable institutions, and twice the capital expenditure on crèches or Child Day Care Centres. However, companies claiming these deductions are not entitled to additional annual allowances for the same expenditures.

Author

akash.chattoor1

Language

EN