Section 35d pgbp
This query is : Resolved
Asawari Malhotra
(Querist)
12 June 2013
why are preliminary expenses disallowed as a deduction to foreign companies? what is the logic behind it ? Doesn't the Government always tries to encourage the foreign entrepreneurs for initiating business in the country ?
CA PARAS BAFNA
(Expert)
15 June 2013
The question can best be answered by the policy makers. However, a mechanism of tax benefit may be there in their parent country to take benefit of preliminary expenses.
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Asawari Malhotra
(Querist)
15 June 2013
thank you sir
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