Amendment of section 109

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..... g the income changeable under the head "Profits and gains of business or profession" being- (1) a bonus or gratuity paid to an employee, (2) legal charges, (3) any such expenditure as is referred to in clause (c) of section 40, (4) any expenditure claimed as a revenue expenditure but not allowed to be deducted as such and not resulting in the creation of an asset or enhancement i .....

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..... to it in the Finance Act of the relevant year;'; (c) in clause (iia), the words "wholly or" shall be omitted; (d) in clause (iii),- (i) in sub-clause (1), after the words "an investment company", the words "other than an investment company which falls under sub-clause (3) of this clause" shall be inserted; (ii) for sub-clause (3), the following sub-clause .....

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..... ion to the remaining part of the total income aforesaid, apply as if such part were the total income of the company; and, for the purposes of section 104, the amount of dividends actually distributed shall be deemed to be such proportion thereof as the part aforesaid bears to the total income of the company;". -
Statute, statutory provisions legislation, law, enactment, Acts, Rules, Regu .....

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