India - Income Tax Act 2010 - Saarc

I.T. ACT, 1961 1.1088Business expenditure- deduction of Section 37(1)Business income- cash assistance for export Section 28(iiib)- chargeable as Section 28(i)- compensation Section 28(ii)- duty drawback Section 28(iiic)- Duty Entitlement Pass Book Scheme, profit on transfer of Section 28(iiid)- Duty Free Replenishment Certificate, profit on transfer of Section 28(iiie)- import licence, sale proceeds of Section 28(iiia)- interest, salary, etc., received by partner from firm Section 28(v)- receipts in nature of non-compete fees & exclusivity rights Section 28(va)- Keyman insurance policy, sum received under Section 28(vi)- profits & gains Section 28(i)- restrictive covenants, payments for Section 28(va)- trade/professional association, income of Section 28(iii)- value of benefit or perquisite arising from business or exercise of profession Section 28(iv)Business income, computation of Section 29Business loss- allowable as Section 28- carry forward & set off of Section 72Business or commercial rights- block of assets Section 2(11)- depreciation on Section 32Business reorganisation- see ‘Co-operative Banks’Buy-back of shares- chargeable as capital gains Section 46ACapital asset- conversion into stock in trade, chargeable as capital gains Section 45(2)- definition of Section 2(14)- see ‘Long-term capital asset’/‘Short-term capital asset’Capital gains- advance money received Section 51- buy-back of shares Section 46A- capital assets Section 2(14)- capital loss Section 74- chargeable as Section 45(1)- company in liquidation, capital gains on distribution of assets Section 46- compulsory acquisition Section 45(5)- computation of Section 48- conversion of capital asset into stock in trade Section 45(2)- cost of acquisition Section 55(2)- cost of acquisition, cost with reference to certain modes of acquisition Section 49- cost of acquisition in case of depreciable asset Sections 50, 50A- cost of any improvement, definition of Section 55(1)(b)- depository, transfer by, depository or participant of beneficial interest in respect of securitiesSection 45(2A)- exemption, capital gains on transfer of securities Section 10(38)- exemption, capital gains not to be charged on investment in certain bonds Section 54EC