As per Section 35D of Income Tax Act, the assessee shall, be allowed a deduction of an amount equal to one-fifth of expenditure incurred before the commencement of the business for each of the five successive previous years beginning with the previous year in which the business commences.
My question is if we forget to claim deduction in ITR in earlier 5 years can we claim the same in 6th year (in case of Private Company)?
The relevant section of the Income Tax Act is Section 35D, which allows a deduction of one-fifth of the expenditure incurred before the commencement of business for each of the five successive previous years beginning with the previous year in which the business commences. The user is seeking clarification on whether this deduction can be
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