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Section 44A - Special provision for deduction in the case of Trade professional or similar association

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..... not distributed to its members. Amount received by the association from its members by way of contribution or otherwise (other than amount received from performing specific services) i.e. General receipts from members. Less: Expenditure incurred for the purposes of protection or advancement of interest of members (other than expenditure which is otherwise deductible under the Act and other than ca .....

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..... he assessable income of the association under any other head. This deduction is allowable from the net assessable income of the association as computed after giving effect to the provisions in the Act for the carry forward of depreciation, investment allowance, development rebate and past business losses. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Man .....

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