Description Disallowance of Expenses – Edition 2026 is a comprehensive and practical guide on the treatment of disallowable expenses under the Income Tax law. Authored by Ram Dutt Sharma and published by Commercial Law Publishers, this book provides detailed insights into provisions governing the allowability and disallowance of business expenditures. With 416 pages of structured content, the book covers key areas such as section-wise disallowances, admissibility of expenses, tax implications, compliance requirements, and judicial interpretations. It also highlights common issues faced during assessments and provides practical guidance for handling disputes. This publication is highly useful for chartered accountants, tax practitioners, advocates, finance professionals, consultants, and students dealing with direct tax compliance, assessments, and litigation. �� Key Features: Detailed coverage of disallowance provisions under Income Tax Practical insights on compliance, assessment & litigation Includes relevant judicial precedents and interpretations Clear and structured presentation for easy understanding �� Limited-Period Offer: Flat 25% Discount with Free Shipping Chapter Content Page 1 Introduction 1 2 Reasons for disallowance of Expenditure 9 3 Expenditure – Meaning and Connotation 10 4 Disallowance of Expenditure incurred in relation to Income exempt from Tax [Section 14] 14 5 Disallowance of interest paid in respect of capital borrowed for the purpose of business or profession [Section 32(1)(b)] 62 6 Disallowance for marked-to-market loss [Section 32(h)] {Corresponding to Section 40A(13) of the Income Tax Act, 1961} 100 7 General conditions for allowable deductions [Section 34] {Corresponding to Section 37(1) of the Income Tax Act, 1961) 106 8 Disallowance of Expenses for any purpose which is an offence or is prohibited by law [Section 34(2)(a)] 124 9 Disallowance of Corporate Social Responsibility (CSR) Expenditure [Section 34(2)(b)] 141 10 Expenditure on advertisement in any souvenir, brochure, tract, pamphlet or the like published by a political party [Section 34(2)(c)] 157 11 Disallowance of Capital Expenditure 167 12 Amounts not deductible in certain circumstances [Section 35(a)] {Corresponding to Section 40(a)(ii) & 40(a)(iia) 183 13 Disallowance on account of non-deduction of TDS [Section 35(b)(i)] {Corresponding to Section 40(a)(ia) of the Income Tax Act, 1961} 189 14 Any sum (other than salary) payable outside India or to a Non-resident [Section 35(b)(ii)] 205 15 Payment to provident fund or other funds established for the benefit of employees of the assessee [Section 35(b)(iii)] 216 16 Salary payable outside India (or in India to a non-resident) without tax deduction [Section 35(c)] 218 17 Disallowance of certain fee, charge, etc. [Section 35(d)] {Corresponding to Section 40(a)(iib) of the Income Tax Act, 1961} 227 18 Disallowance of remuneration and interest paid by firm to partners [Section 35(e)] 235 19 Payment of Interest, Salary etc. made by AOP or BOI to its members [Section 35(f)] 255 20 Assessing Officer’s power to disallow excessive/unreasonable payments to “specified person” [Sections 36(2) & 36(3)] 260 21 Disallowance for cash payments exceeding prescribed limit [Section 36(4)] {Corresponding to Section 40A(3) of the Income Tax Act, 1961}. 282 22 Cash payments exceeding the prescribed limits under Section 36(4) but later convert these transactions into non-cash modes [Section 36(5)] 312 23 Certain deductions allowed on actual payment basis only [Section 37] 316 24 Ad hoc and Estimated disallowances of Expenses 336 25 Business Disallowance 354 26 Disallowance of Legal and Professional expenses. 359 27 Disallowance of Expenses & Losses incurred for earning Illegal Income 365 28 Disallowance of expenses, in absence of any Evidence for expenses 369 29 Disallowance of expenses – Self made vouchers 380 30 Disallowance of Provisions for various expenses 388 31 Disallowance of Losses 402
