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
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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