Amortisation of certain Preliminary Expenses - Section 35D

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..... s, or * (ii) after the commencement of business in connection with extension of an undertaking or setting up a new unit. Amount & Period of Deduction: * From 01.04.1998:- 1/5th of qualifying expenditure for each of the 5 successive years beginning with the previous year of commencement or extension of business or the new unit commences production or operation as the case may be. * Upto 31. .....

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..... Cost of Project' - It means actual cost of fixed assets as on the last day of the year in which the business commences. In case of extension of business or setting up a new unit the fixed assets only in relation to such extension or new unit is taken as cost of project. Meaning of 'Capital Employed' - It means aggregate of the Issued share capital, debentures and long term borrowing as on the las .....

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..... res, being underwriting commission, brokerage and charges for drafting, typing, printing and advertisement of the prospectus. [ Section 35(2) ] * w.e.f. 01.04.2024 The assessee shall furnish a statement in Form No. 3AF for expenditure specified in this clause (a) of Section 35D(2) (i.e. above i, ii, iii ), such form shall be furnished one month prior to the due date for furnishing the return of .....

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..... e month prior to the due date of return of income * upto the A.Y. 2019-20:- On or before the due date of submission of return of income [ Section 35D(4) ] Unamortized expenses in case of a Amalgamation or Demerger * In the event, the deduction in respect of previous year in which the amalgamation or demerger takes place and the following previous year within the 5 year, will be allowed to th .....

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..... 2022 (7) TMI 692 - ITAT Hyderabad. 2. Sum standing to credit of "reserve and surplus" account cannot be considered as part of issue of share capital. JCIT, SPL. RANGE 7. Vs Sirhind Steel Ltd. 2005 (9) TMI 218 - ITAT Ahmedabad-D. 3. Premium collected by an assessee company on subscribed share capital is not capital employed in business company within the meaning of section 35D. M/S Ber .....

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