TMI BlogGross earnings.X X X X Extracts X X X X X X X X Extracts X X X X ..... , without prejudice to the generality of the provisions of that sub-section, include the following, namely:— (i) the amount of any compensation or other payment, accrued or received, for— (a) termination or modification of terms and conditions relating to management of business, any business agreement or any agency; or (b) vesting of the management of any property or business in another person or the Government; (ii) any consideration, accrued or received under a non-capital agreement; (iii) any amount or value of any benefit, whether convertible into money or not, accrued to, or received by a person, being a trade, professional or similar association, in respect of specific ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ount of any benefit accrued to, or received by, the person, or as the case may be, the successor in business, if— (a) it is by way of remission or cessation of any trading liability or statutory liability or it is in respect of any loss or expenditure, including a unilateral act by way of writing off such liability in his accounts; and (b) the trading liability or statutory liability or loss or expenditure has been allowed as deduction in any financial year;. (xiii) the amount of remission or cessation of any liability by way of loan, deposit, advance or credit; (xiv) the amount recovered from a trade debtor in respect of a bad debt or part of debt which has been allowed as deduc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xiii) any payment or aggregate of payments made to a person in a day, in respect of an expenditure incurred during the financial year or in respect of a liability incurred and allowed as a deduction in any preceding financial year,— (a) which has been made otherwise than by an account payee cheque drawn on a bank or by an account payee bank draft; (b) which exceeds— (i) a xum of thirty fire thousand rupees if the payment is made to transporter for carriage of goods by road; or (ii) a sum of twenty thousand rupees in any other case; and (c) which has not been made in such cases and in such circumstances as may be prescribed. (xxiv) an ..... X X X X Extracts X X X X X X X X Extracts X X X X
|