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
Message likes :
1 times
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.
Message likes :
3 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- TDS- 2026-27 Q1 Correction
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Royalty payments to the Mining Department for procurement of murum - GST input
- Capital Gains Tax on Inherited Mutual Fund
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
