deduction on capital expenditure on telecommunication licens
This query is : Resolved
CA Anshu Agarwal
(Querist)
08 November 2009
u/s 35ABB of income tax act, deduction for capital expenditure actully paid on obtaining the telecommunication license is allowed in number of years.
ABC ltd. paid Rs.30 lacs on 01-08-2007 for license for 5 years. how much deduction shall be allowaed in each A.Y. from 2008-09 to 2013-2014?
ABC ltd. paid Rs.30 lacs on 01-08-2007 for license for 5 years. how much deduction shall be allowaed in each A.Y. from 2008-09 to 2013-2014?
CA Anshu Agarwal
(Querist)
08 November 2009
i think deduction shall be allowed as follow:
Rs.5 lac in each A.Y. from A.Y. 2008-09 to A.Y. 2013-14.
am i right?
Rs.5 lac in each A.Y. from A.Y. 2008-09 to A.Y. 2013-14.
am i right?
Dhirajlal Rambhia
(Expert)
03 July 2023
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