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2008 (9) TMI 315 - HC - Income TaxVarious Issues - Cash Payment towards the medical expenses by way of payment of premium towards group medical insurance scheme and reimbursement of medical expenses, electricity, water and gas charges shall not be treated as perquisite while computing disallowance under section 40(c)/40A(5) – But the provisions of section 40A(5)(C) applicable to salary and perquisite paid to employees - roads constructed within the factory premises does not constituted plant and does not qualified for the grant of investment allowance under section 32A – Surtax is not deductible while arriving at the taxable income – freight expenses, octroi duty, bank charges, trunk call charges, insurance charges are not eligible for weighted deduction u/s 35B
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