Income-tax Act, 1961
39. [Omitted.]. 40. Amounts not deductible. 40A. Expenses or payments not deductible in certain circumstances. 41. Profits chargeable to tax. 42. Special provision for deductions in the case of business for prospecting, etc., for mineral oil. 43. Definitions of certain terms relevant to income from profits and gains of business or profession. 43A. Special provisions consequential to changes in rate of exchange of currency. 43AA. Taxation of foreign exchange fluctuation. 43B. Certain deductions to be only on actual payment. 43C. Special provision for computation of cost of acquisition of certain assets. 43CA. Special provision for full value of consideration for transfer of assets other than capital assets in certain cases. 43CB. Computation of income from construction and service contracts. 43D. Special provision in case of income of public financial institutions, public companies, etc. 44. Insurance business. 44A. Special provision for deduction in the case of trade, professional or similar association. 44AA. Maintenance of accounts by certain persons carrying on profession or business. 44AB. Audit of accounts of certain persons carrying on business or profession. SECTIONS