Home > Income Tax Act 2025 > Section-38Last Updated: Feb 20th 2025
Section-38 provides for certain sums that are liable to be deemed as profit and gains of business or profession where the sums have been earlier allowed as expenditure or deduction for the purpose of computation of income. Learn to understand the section-38 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
whether the business or profession in respect of which the allowance or deduction was made is in existence in that year or not;
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.