Can the company amortise the Expenses raleted to Issue of Share Capital in Subsequent years and Take under Sec 35D over 5 Years ?
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U/S35 D
Replies (3)
No....only PRELIMINARY EXPENSES can be amortized, not subsequent expenses !!!
Agreed with Mr. Kartik. Subsequent expenditure will be of capital nature Hence will not be allowed
Thanks,
I do agree with Kartik but if there is an expansion of business then also 35D can be invoked.
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