TMI BlogAmendment of section 28.X X X X Extracts X X X X X X X X Extracts X X X X ..... , the words or profession shall be inserted. - Clause 12 of the Bill seeks to amend section 28 of the Income tax Act relating to Profits and gains of business or profession . Clause (va) of the aforesaid section, inter alia, provides that any sum, whether received or receivable, in cash or kind, under an agreement for not carrying out any activity in relation to any business, is chargeab ..... X X X X Extracts X X X X X X X X Extracts X X X X
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