Hi,
Pls. let me know is there any changes for write off preliminary exp. Generally we write off preliminary exp. a certain period of time such as 5 or 10 years.
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Preliminary exp. write off
Replies (1)
It is written off in 5 years as per section 35D of Income Tax Act.
https://www.indiataxes.com/Information/incometax/contents/pgbp/allowdeductions/specificdud/specific_dud_8.htm
https://finhealthblog.wordpress.com/2013/08/13/how-to-amortize-preliminary-expenses-under-section-35d-of-the-income-tax/
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