Home > Income Tax Act 2025 > Section-32Last Updated: Feb 20th 2025
Section-32 provides for deduction on expenditure incurred towards insurance premium relating to destruction of stock, provision for bad debts, written off, bonus, commission paid to employees, interest paid on borrowed capital. Learn to understand the section-32 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
and for the purposes of this clause,––
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.