Amendment status not verified — confirm the current text below against the official source.
Deduct : (a) Capital receipts and capital profits (other than profits on the sale of assets on which depreciation has been allowed for income-tax or agricultural income-tax). See foot-note (2) (b) Profits of, and receipts relating to, any business situated outside India. See foot-note (2) (c) Income of foreign concerns from investment outside India. See foot-note (2) (d) Expenditure or losses (if any) debited directly to reserves, other than— (i) capital expenditure and capital losses (other than losses on sale of capital assets on which depreciation has not been allowed for income-tax or agricultural income-tax); (ii) losses of any business situated outside India. (e) In the case of foreign concerns proportionate administrative (overhead) expenses of Head Office allocable to Indian business. See foot-note (3) (f) Refund of any direct tax paid for previous accounting years and excess provision, if any, of previous accounting years relating to bonus, depreciation, taxation or development rebate or development allowance, if written back. See foot-note (2) 25 Item No. Particulars Amount of sub-items Amount of main items Remarks Rs. Rs. 1[(g) Cash subsidy, if any, given by the Government or by any body corporate established by any law for the time being in force or by any other agency through budgetary grants, whether given directly or through any agency for specified purposes and the proceeds of which are reserved for such purposes.] Total of Item No. 6 . . . Rs.