Amortisation of expenditure for development of Certain Minerals - Section 35E

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... imestone, iron, zinc, gold etc. or on the development of a mine or other natural deposit of any such minerals or group of associated minerals specified in the Seventh Schedule. Expenditure incurred wholly and exclusively on: Any operations relating to prospecting for any mineral or On the development of a mine or other natural deposit of any mineral, Shall be allowed deduction in equal installment .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e on acquisition of site of source of minerals/ deposits of such minerals. Note:- There shall be excluded from such expenditure any portion thereof which is met directly or indirectly by any other person or authority and any sale, salvage, compensation or insurance moneys realised by the assessee in respect of any property or rights brought into existence as a result of the expenditure. Requiremen .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X