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Insertion of new section 35ABA- Expenditure for obtaining right to use spectrum for telecommunication services.

Clause 16 - Bills - DIRECT TAXES - Bill - Clause 16 - Insertion of new section 35ABA. 16. After section 35AB of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2017, namely:- Expenditure for obtainin .....

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nt of the business or thereafter at any time during any previous year and for which payment has actually been made to obtain a right to use spectrum, there shall, subject to and in accordance with the provisions of this section, be allowed for each o .....

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een substituted. Explanation.- For the purposes of this section,- (i) relevant previous years means,- (A) in a case where the spectrum fee is actually paid before the commencement of the business to operate telecommunication services, the previous ye .....

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pectrum, for which the fee is paid, shall be in force; (ii) appropriate fraction means the fraction, the numerator of which is one and the denominator of which is the total number of the relevant previous years; (iii) payment has actually been made m .....

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ection 35ABA in the Income-tax Act relating to expenditure for obtaining right to use spectrum for telecommunication services. The proposed section seeks to provide that any capital expenditure incurred and actually paid by an assessee on the acquisi .....

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