Deduction u/s 35D
This query is : Resolved
sailesh mandani
(Querist)
30 December 2010
IF share issue expenses adjusted against share premium and not debited to profit and loss account, whether deduction u/s 35D can be claimed for such expenses
Aditya Maheshwari
(Expert)
30 December 2010
If you see the format of tax audit for claiming deduction u/s 35D there are two clauses, 1. debited to P & L A/c and 2. Not debited to P & L A/c.
So i think u can claim if eligible u/s 35D.
So i think u can claim if eligible u/s 35D.
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