Prelimenery expenses allowable under section 35d of it act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2012
Is there any Limit regarding the Allowable Preliminery expenses under section 35D of Income Tax.?
If not what is the procedure for calculating Prelimienery expenses u/s 35D for the computation of Income Tax.
If not what is the procedure for calculating Prelimienery expenses u/s 35D for the computation of Income Tax.
28 November 2012
Deduction u/s 35D is restricted to the following:
(a) In case of a company:
5% of cost of the project or capital employed in the business.
(a) In case of other assessees:
5% of cost of the project
(a) In case of a company:
5% of cost of the project or capital employed in the business.
(a) In case of other assessees:
5% of cost of the project
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Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2012
Thank You ..
28 November 2012
You are welcome. You should use the thanks button to convey your thanks.
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