Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Audit timing requirement: amortisation deduction requires audit completion and report submission by the prescribed deadline for first year. Deduction for amortisation of preliminary expenses under section 35D(1) is conditional on the accounts being audited by a qualified accountant and the ... Summary
Audit timing requirement: amortisation deduction requires audit completion and report submission by the prescribed deadline for first year.
Deduction for amortisation of preliminary expenses under section 35D(1) is conditional on the accounts being audited by a qualified accountant and the audit report for the first year of deduction being completed and furnished by the specified audit deadline that precedes the normal return-filing due date.
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