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Bill - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Insertion of new section 35ABA - any capital expenditure ...

Bill

February 29, 2016

Insertion of new section 35ABA - any capital expenditure incurred and actually paid by an assessee on the acquisition of any right to use spectrum for telecommunication services shall be allowed as a deduction in equal instalments over the period starting from the year in which such payment has been made and ending in the year in which the useful life of spectrum comes to an end.

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