Deferred revenue expenditure allowance spreads qualifying revenue costs over specified years, defining first year start points and conditions. Deferred revenue expenditure allowance permits an annual deduction equal to one over the number of specified years of qualifying deferred revenue expenditures, aggregated across categories. The Schedule enumerates categories-such as non compete fees, lease premiums, voluntary retirement payments, business reorganisation costs, prescribed mineral prospecting and development expenses, forfeiture losses, and preliminary start up expenditures-and prescribes the first year when allowability arises (payment year, reorganisation year, loss year, or commencement/extension/setting up year) and any prescribed conditions concerning capital employed and project cost.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deferred revenue expenditure allowance spreads qualifying revenue costs over specified years, defining first year start points and conditions.
Deferred revenue expenditure allowance permits an annual deduction equal to one over the number of specified years of qualifying deferred revenue expenditures, aggregated across categories. The Schedule enumerates categories-such as non compete fees, lease premiums, voluntary retirement payments, business reorganisation costs, prescribed mineral prospecting and development expenses, forfeiture losses, and preliminary start up expenditures-and prescribes the first year when allowability arises (payment year, reorganisation year, loss year, or commencement/extension/setting up year) and any prescribed conditions concerning capital employed and project cost.
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