Section 59 – Income Tax Act, 1961

Income Tax Act, 1961

 

Section 59- PROFITS CHARGEABLE TO TAX.

 

(1) The provisions of sub-section (1) of section 41 shall apply, so far as may be, in computing the income of an assessee under section 56, as they apply in computing the income of an assessee under the head “Profits and gains of business or profession”.

 

Related Judgements

 

SMT. SITADEVI v. COMMISSIONER OF INCOME TAX.

 

 

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Income Tax Act, 1961 

 

Indian Laws – Bare Acts

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