LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

section 35 ABA

Tejas Tak (315 Points)

16 December 2018

can anyone explain section 35ABA about spectrum Fee

Reply
Follow
Share

1 Replies

MOHAMMED IMRAN (1020 Points)
Replied 17 December 2018

any capital expenditure incurred AND ACTUALLY PAID by an assessee on the acquisition of any right to use spectrum - allowed as deduction in equal instalments. - starting from the year in which actual payment is made. OR the year of commencement of business, whichever is LATER
ex. spectrum cost rs 10,00 ,000 is allotted on1st April, 2010 upto 31st Mar, 2018. - but commencement on business from 1st April, 13 then deduction is rs 2,00,000 per year is made (10,00,000/5) - if commencement of business on
31st Aug, 2004 then deduction is rs 1,25,000 i.e., 10,00,000/8