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amotization of preliminary expenses

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(Querist)
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
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sunny bansal

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sunny bansal (Expert)
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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