Health and Education Cess Not Allowed As Business Expenditure

Health and Education Cess Not Allowed As Business Expenditure ‘Health and Education Cess’ is not allowed as business expenditure. This was clarified by Smt Nirmala Sitharaman, Union Minister of Finance while presenting the Union Budget in the Parliament today. The Union Finance Minister stated that the income-tax is not an allowable expenditure for computation of […]