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Section 2

[Explanation- In sub-item (aa) of item 3, 'approved gratuity fund' has the same meaning assigned to it in clause (5) of section 2 of the Income-Tax Act.]

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2 [Explanation- In sub-item (aa) of item 3, 'approved gratuity fund' has the same meaning assigned to it in clause (5) of section 2 of the Income-Tax Act.] Foot-Notes: (1) If, and to the extent charged to Profit and Loss Account. (2) If, and to the extend, credited to Profit and Loss Account. (3) In the proportion of India Gross Profit (Item No.7) to Total World Gross Profit (as per Consolidated Profit and Loss Account adjusted as in Item No. 2 above only).