What's the difference?

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student
242 Points Joined September 2013
Whats the diff between sec 35D - Amortisation of Preliminary exp and Sec 35(1)(i) - Revenue expenditure... In both these secs prelim exp are deductible.... Then why do we need two section??
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On 02 April 2014 at 23:03 Report
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ca final
233 Points Joined August 2011

35ad covers capital expenses other than land and goodwill, where as 35(1)(i) deals with any expenses not being a capital nature...

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On 03 April 2014 at 05:34


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