TMI Blog‘HEALTH AND EDUCATION CESS’ NOT ALLOWED AS BUSINESS EXPENDITUREX X X X Extracts X X X X X X X X Extracts X X X X ..... ‘HEALTH AND EDUCATION CESS’ NOT ALLOWED AS BUSINESS EXPENDITURE - Budget Dated:- 1-2-2022 - News - HEALTH AND EDUCATION CESS NOT ALLOWED AS BUSINESS EXPENDITURE HEALTH AND EDUCATION CESS IS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IMPOSED AS AN ADDITIONAL SURCHARGE ON THE TAXPAYER FOR FUNDING SPECIFIC GOVERNMENT WELFARE PROGRAMMES Health and Education Cess is not allowed as business expenditure. This was clarified by Smt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Nirmala Sitharaman, Union Minister of Finance while presenting the Union Budget in the Parliament today. The Union Finance Minister stated that the income-tax is not an allowable expenditure for c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omputation of business income. This includes tax as well as surcharges. The Health and Education Cess is imposed as an additional surcharge on the taxpayer for funding specific government welfare ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... programs, she explained. Noting that some courts have allowed Health and Education Cess as business expenditure, which is against the legislative intent, the Union Finance Minister reiterated that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any surcharge or cess on income and profits is not allowable as business expenditure. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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