amotization of preliminary expenses
This query is : Resolved
01 August 2009
hi experts,
i would like to know that amotization of preliminary expenses in the income tax act is available for how many years (5 or 10years).
such expenses are incurred after formation of company for development
regards
Saurabh
i would like to know that amotization of preliminary expenses in the income tax act is available for how many years (5 or 10years).
such expenses are incurred after formation of company for development
regards
Saurabh
01 August 2009
AS PER SECTON 35D IT IS AMORTISABLE IN 5 YEARS. FOR FURTHER REFERNCE PLEASE GO THROUGH SECTION 35D OF INCOMETAX 1961.
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