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section 35D

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10 April 2008 AMENDMENTS MADE WITH RESPECT TO CLAIM OF DEPRECIATION FOR ASSETS USED FOR RESEARCH & DEVELOPMENT WORK.
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R.V.RAO

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R.V.RAO (Expert)
11 April 2008 budget 2008-09 amended Section 35D extending benefit under seC.35D to any unit.
Earlier this benefit was only to industrial undertaking
or industrial unit.

IN DETAIL:

Amortisation of preliminary expenses Section 35(D) – Scope Extended


As per the existing provisions, once the business has commenced the benefit is available only for extension of the industrial undertaking or setting up of a new industrial units. The word ‘industrial’ is omitted now to extend the benefit to all other sectors.
R.V.RAO
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