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Rule 6AC of Income Tax Rules 1962: Limits and conditions for allowance of expenditure in certain cases

Rule 6AC - Limits and conditions for allowance of expenditure in certain cases

Expenditure referred to in sub-section (3) of section 37 shall be allowed only to the extent and subject to the conditions specified in rules 6B, 6C and 6D : 

Provided that in the case of such expenditure incurred during the previous year commencing immediately prior to the 10th day of August, 1966, or any earlier previous year, the full amount thereof, if otherwise admissible under sub-section (1) of section 37, shall be allowed.




Extra Notes for Readers:

- Rule 6AC was omitted by the Income Tax (Thirty Second Amendment) Rules, 1999, w.e.f. 19.11.1999.


Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.
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