Preliminary expenses
This query is : Resolved
22 September 2016
URGENT
Can preliminary expenses u/s 35D be claimed by agricultural company whose income is totally exempt from Income tax
Can preliminary expenses u/s 35D be claimed by agricultural company whose income is totally exempt from Income tax
Amol S Joglekar
(Expert)
22 September 2016
if the income is EXEMPT, no question of any deduction as well
22 September 2016
Yes. Section 35d is applicable to every Indian company.
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