Deduction of outgoings for purposes of computation Whether political contributions constitute outgoings within the meaning of clause (j) of sub section (4)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... :- 8-1-1962 Circular
Companies Law
Letter : No. 8/23(349)/61‑PR, dated 8‑1‑1962. Subject:- Deduction of outgoings for purposes of computation ‑ Whether political contrib .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... used therein, viz., "outgoings inclusive of..." is only illustrative and does not purport to be exhaustive. The Research Committee of the Institute of Chartered Accountants of India agrees with this .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X