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of <h1>Section 35ABA Introduced: Deduct Capital Expenditure for Telecom Spectrum Rights Over Useful Life Starting April 1, 2017</h1> Clause 16 of the Finance Bill, 2016 introduces section 35ABA to the Income-tax Act, effective April 1, 2017. It allows for the deduction of capital expenditure incurred for acquiring the right to use spectrum for telecommunication services. This deduction is spread over the relevant years, starting from the year the payment is made until the spectrum's useful life ends. The section applies provisions from section 35ABB, substituting 'spectrum' for 'licence.' Definitions for terms like 'relevant previous years' and 'appropriate fraction' are provided. This amendment applies from the assessment year 2017-2018 onward.
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