Amortisation of Preliminery Expenses
This query is : Resolved
27 November 2008
Plz. anybody explain:-
What is Amortisation of Preliminery Expenses u/s 35D?
What is Amortisation of Preliminery Expenses u/s 35D?
27 November 2008
If u have incurred any expenditure during incorporation of ur business or at the time of extension of ur business, then such expenditure is allowed to be amortised in 5 equal installments starting from the year in which u actually started ur business activities.
However, the total expenditure can't exceed 5% of the project cost.
For detail of expenditures covered u/s 35D, please refer some book.
However, the total expenditure can't exceed 5% of the project cost.
For detail of expenditures covered u/s 35D, please refer some book.
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