Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Amortisation of telecom spectrum and licence fees - phased deduction linked to licence validity and transfer rules. Allows amortisation in equal instalments for four expenditure types: amalgamation/demerger costs and voluntary retirement payments (five-year spread from ... Summary
Amortisation of telecom spectrum and licence fees - phased deduction linked to licence validity and transfer rules.
Allows amortisation in equal instalments for four expenditure types: amalgamation/demerger costs and voluntary retirement payments (five-year spread from the year of occurrence/payment), and capital expenditure for spectrum and licence fees (spread from the later of business commencement or payment through the year the right remains in force). Transfer rules adjust allowable deductions or charge excess transfer proceeds as business income; transfers on amalgamation/demerger preserve application to the resulting Indian company. Depreciation is excluded where this section applies; non-compliance for spectrum deductions authorises recomputation and specified rectification procedures.
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