U/S35 D

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Audit Manager
28 Points Posted on 11 June 2009

Can the company amortise the Expenses raleted to Issue of Share Capital in Subsequent years and Take under Sec 35D over 5 Years ?

please give replay.

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On 11 June 2009 at 15:48 Report
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C A Student
219 Points Posted on 11 June 2009

No....only PRELIMINARY EXPENSES can be amortized, not subsequent expenses !!!

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On 11 June 2009 at 15:53
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JOB
343 Points Posted on 11 June 2009

Agreed with Mr. Kartik. Subsequent expenditure will be of capital nature Hence will not be allowed

Thanks,

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On 11 June 2009 at 16:39
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Research Analyst
360 Points Posted on 12 June 2009

I do agree with Kartik but if there is an expansion of business then also 35D can be invoked.

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On 12 June 2009 at 01:08

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