TMI BlogAllowable deduction - Education Cess (EC) and Secondary & Higher Education Cess (SHEC) on income-tax -...Allowable deduction - Education Cess (EC) and Secondary & Higher Education Cess (SHEC) on income-tax - It is settled that, education cess on income-tax, dividend distribution tax and fringe benefit tax is not a disallowable expenditure under section 40(a)(ii) of the Act having been expressly excluded from section 40(a)(ii) - education cess and secondary & higher education cess is an allowable deduction being not hit by the provisions of section 40(a)(ii) of the Act. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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