# Commercial's Disallowance of Expenses by Ram Dutt Sharma

This edition of _Disallowance of Expenses_, authored by **Ram Dutt Sharma** and published by **Commercial Law Publishers (India) Pvt. Ltd.**, is a focused and practical legal reference based on the provisions of **The Income Tax Act, 2025**, as amended by **The Finance Act, 2026**. Designed to meet the needs of tax professionals, legal practitioners, chartered accountants, corporate advisors, and advanced students of taxation law, the book offers a structured and up-to-date treatment of one of the most significant areas of direct tax compliance and litigation—**the disallowance of business and professional expenditure**.

The book systematically addresses the statutory framework governing the allowability and non-allowability of expenses under the Income Tax Act, helping readers understand which expenditures are deductible and which are liable to be disallowed while computing taxable income. It serves as a valuable resource for interpreting and applying the law in practical tax assessments, return preparation, audits, and dispute resolution.

The content broadly covers the law relating to:  
• General principles for allowability of business expenditure  
• Capital vs. revenue expenditure  
• Personal and non-business expenses  
• Disallowance for payments not wholly and exclusively incurred for business  
• Expenditure prohibited by law or opposed to public policy  
• Disallowance under specific statutory provisions  
• Cash payment restrictions and related disallowances  
• TDS-related disallowances for non-deduction or non-payment of tax  
• Employee welfare and statutory dues-related disallowances  
• Related-party payments and excessive or unreasonable expenditure  
• Expenses relating to exempt income  
• Depreciation-linked restrictions and inadmissible claims  
• Key compliance implications under the amended provisions of the Finance Act, 2026

This edition is particularly useful for:  
• Chartered accountants and tax consultants handling computation and scrutiny matters  
• Advocates and tax litigators dealing with income-tax disputes  
• Corporate tax teams and finance professionals ensuring deduction compliance  
• Students and academicians studying direct taxation and tax law  
• Business owners and professionals seeking clarity on deductible expenditure rules

With its subject-specific focus and alignment with the latest legislative amendments, this 2026 edition provides a dependable and current guide to understanding the legal treatment of expense disallowances under Indian income-tax law. Whether used for professional practice, compliance review, academic study, or litigation support, this volume offers an authoritative and practical reference on a highly consequential area of tax law.

## Details

- **Price:** 2895.0 INR
- **Vendor:** Commercial law Publication
- **Tags:** Professional Books

## Variants

| Variant | Price | Available |
|---------|-------|-----------|
| Default Title | 2895.00 INR | In stock |

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> Updated: 2026-10-24