Union Budget 2021: Tax Deduction On Dividend Paid By Any Mode Other Than Cash
- Press Release|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 15 December, 2025
Latest from Taxmann
February 01, 2021
“Income from other sources is a residuary head of income and sweeps in all such taxable incomes which fall outside the other four heads of income. Section 57 specifically provides the list of expenditure which are allowed to be deducted from the income taxable under the head of other sources. Such discriminatory provision causes hardships to the assessee. Thus, it is recommended that deduction for bad debts shall be allowed under section 57 while computing the income from other sources,”
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