Section 35 d

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2011 Dear friends/sir,

A is privat limited copany in which capital employed is 100000 Rs and total prilimary exp is 14215 Rs. totaly exp is relats to formation of company. how much amt should be allowd me u/c 35 D.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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28 July 2011 Capital employed means Capital plus long term borrowings as on the last day of the previous year.

U/s 35D , total deduction will be allowed
upto 5% of ---Capital Employed or Cost of project. In this case this will be Total Rs. 5000.
You can write off 1/5th every year up to 5 successive AYs.

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