Amortisation of Amalgamation or Demerger expenses - Section 35DD - Income Tax - Ready Reckoner - Income Tax

Amortisation of Amalgamation or Demerger expenses - Section 35DD Where an Indian Company, Incurs any expenditure wholly and exclusively for the purposes of amalgamation or demerger of an undertaking, the assessee shall be allowed a deduction of an amount equal to 1/5 th of such expenditure for each of 5 successive previous years beginning with the previous year in which amalgamation or demerger takes place. deduction is available to companies who pays the expense. Note: Above mentioned shall not be allowed as deduction under any other provisions of the Act.