Amendment status not verified — confirm the current text below against the official source.
Add back also: (a) Bonus paid to employees in respect of previous accounting years. (b) The amount debited in respect of gratuity paid or payable to employees in excess of the aggregate of – (i) the amount , if any, paid to, or provided for payment to, an approved gratuity fund; and (ii) the amount actually paid to employees on their retirement or on termination of their employment for any reason. (c) Donations in excess of the amount admissible for income- tax. (d) Capital expenditure (other than capital expenditure on scientific research which is allowed as a deduction under any law for the time being in force relating to direct taxes) and capital losses (other than losses on sale of capital assets on which depreciation has been allowed for income-tax). (e) Any amount certified by the Reserve Bank of India in terms of sub-section (2) of section 34A of the Banking Regulation Act, 1949 (10 of 1949) (f) Loses of, or expenditure relating to, any business situated outside India Total of Item No. 3 Add also income, profits or gains(if any) credited directly to published or disclosed reserves, other than— (i) capital receipts and capital profits (including profits on the sale of capital assets on which depreciation has not been allowed for income-tax); (ii) profits of, and receipts relating to, any business situated outside India; (iii) income of foreign banking companies from investment outside India. Net Total of Item No. 4…… Total of Item Nos. 1,2.3 and 4 Deduct: (a) Capital receipts and capital profits (other than profits on the sale of assets on which depreciation has been allowed for income-tax (b) Profits of, and receipts relating to, any business situated outside India. (c) Income of foreign banking companies from investments outside India Rs. Rs. Rs. Rs. Rs. See foot-note (1) See foot-note (1) See foot-note (1) See foot-note (1) See foot-note (1) See foot-note (1) 23 Item No. Particulars Amount of sub-items Amount of main items Remarks (d) Expenditure or losses (if any debited directly to published or disclosed 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.) (ii) Losses of any business situated outside India. (e) In the case of foreign banking companies proportionate administrative (overhead) expenses of head Office allocable o Indian business. (f) Refund of any excess direct tax paid for previous accounting years and excess provision, if any, of previous accounting years, relating to bonus, depreciation, or development rebate, if written back. (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 though any agency for specified purposes and the proceeds of which are reserved for such purposes. Total of Item No. 6……