Business income computation with the disallowance schedule
What the charge reaches, which expenditure survives the specific sections and s.37(1) , and where the line between capital and revenue is actually drawn in an assessment.
- 2 pages
- 39
- Word and PDF
- 13 September 2026
What it covers
- 1Business income computation with the disallowance scheduleworking paper for the return and audit file
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Computation of income under the head profits and gains of business or profession
Assessee: [Assessee's name] PAN: [Assessee's PAN] Status: [Assessee's status]
Assessment year: [2026-27] Previous year: [2025-26] Audit: [section 44AB(a) / (b) / not applicable]
Sl. | Particulars | Amount (Rs) | Clause of Form 3CD |
|---|---|---|---|
1 | Net profit or (loss) as per the audited profit and loss account | [____] | — |
Add: amounts debited but not allowable | |||
2 | Depreciation as per the books | [____] | — |
3 | Capital expenditure debited to revenue, and personal expenditure | [____] | 21(a) |
4 | Penalty, fine or compounding fee for an infraction of law; expenditure to settle proceedings for contravention of a notified law | [____] | 21(a) |
5 | Corporate social responsibility expenditure — Explanation 2 to section 37(1) | [____] | 21(a) |
6 | Benefit or perquisite the acceptance of which violates a law or rule governing the recipient's conduct — Explanation 3 to section 37(1) | [____] | 21(a) |
7 | Payments to a non-resident without deduction of tax — 100%, section 40(a)(i) | [____] | 21(b) |
8 | Payments to a resident without deduction or without deposit by the due date — 30%, section 40(a)(ia) | [____] | 21(b) |