Income-tax Act, 1961
21. [Omitted.]. C.—Income from house property 22. Income from house property. 23. Annual value how determined. 24. Deductions from income from house property. 25. Amounts not deductible from income from house property. 25A. Special provision for arrears of rent and unrealised rent received subsequently. 26. Property owned by co-owners. 27. “Owner of house property”, “annual charge”, etc., defined. D.—Profits and gains of business or profession 28. Profits and gains of business or profession. 29. Income from profits and gains of business or profession, how computed. 30. Rent, rates, taxes, repairs and insurance for buildings. 31. Repairs and insurance of machinery, plant and furniture. 32. Depreciation. 32A. Investment allowance. 32AB. Investment deposit account. 32AC. Investment in new plant or machinery. 32AD. Investment in new plant or machinery in notified backward areas in certain States. 33. Development rebate. 33A. Development allowance. 33AB. Tea development account, coffee development account and rubber development account. SECTIONS 33ABA. Site Restoration Fund. 33AC. Reserves for shipping business. 33B. Rehabilitation allowance. 34. Conditions for depreciation allowance and development rebate. 34A. Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies. 35. Expenditure on scientific research. 35A. Expenditure on acquisition of patent rights or copyrights. 35AB. Expenditure on know-how. 35ABA. Expenditure for obtaining right to use spectrum for telecommunication services. 35ABB. Expenditure for obtaining licence to operate telecommunication services.