Section 36(1)(xviii)

What section 36(1)(xviii) does, and where it sits. This library holds no authority that turns on it.

No authority in this library turns on Section 36(1)(xviii). That is a statement about this library and not about the law: it means no judgment, circular or instruction held here decides a point under it. What the provision does is explained below. If you are looking for a decision on it, say so through the search box — a provision people search for and we hold nothing on is the most useful thing we can be told.

Explained in this library

What section 36(1)(xviii) does, in plain English, before you read what the courts made of it.

Forex gains and losses: s.43A for the imported asset, s.43AA for everything else

My client imports, and has an external commercial borrowing. The rupee moved. What is taxable, what is deductible, and what has to be capitalised?

ICDS govern the computation, not the books — and ICDS II is where that bites first

Which of my clients do the ICDS actually bind, what do the ten standards cover, and what does ICDS II change about the way I value inventory?