Prelimenery expenses allowable under section 35d of it act
Querist : Anonymous
If not what is the procedure for calculating Prelimienery expenses u/s 35D for the computation of Income Tax.
(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
Querist : Anonymous
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