Taxation of Profits and Gains of Business and Profession (PGBP) New Income Tax Act 2025 part 3
Understand the taxation of Profits and Gains of Business and Profession (PGBP) under the New Income Tax Act 2025 in this comprehensive guide. In this Part 3,we deep dive into the foundational sections (Clauses 37 to 46 of the new Act), covering the basis of charge, computation methods, and essential deductions for business assets, timing of deductions and deductions not allowable
This video is an essential resource for: Taxpayers, CA/CS/CMA Students, Finance Professionals, and Business Owners.
Key Topics Covered:
Deductions allowable on payment basis
Foreign exchange fluctuations
Deemed depreciation
Calculation of cost of assets
Deductions for specified business and scientific research
Watch till the end to master the practical application of these clauses!
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