banner_ad

section 35 D of income tax act

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 April 2011 hi

can any one explian me on section 35(d) of the income tax act.Suppose the company has Rs. 7,00,0000 as paid up capital and expended Rs.35 lacs as incorporation expenditure and company can claim this expenditure subject maximum 5% of capital employed which comes around Rs.35000 and claimed for 3 years.Suppose after 3 years company increases paid up capital Upto Rs.25 crores whether company can claim expenditure on maximum subject to 5% of 25 crores as out of 35 lacs 35000 rupees only claimed and remaining be calculated on recent paid up capital


urgent---------pls
Profile Image

NITIN SABOO

Profile Image

NITIN SABOO (Expert)
29 April 2011 as per section 35d 5% should be of Capital Employed or Cost of project for indian company at the end of year of incorporation. Hence, 5% will be of opening paid up capital only and not increased one.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details