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of <h1>Indian Companies Can Amortize Amalgamation or Demerger Expenses Over 5 Years Under Section 35DD</h1> Section 35DD, introduced by the Finance Act, 1999, allows Indian companies to amortize expenditures incurred wholly and exclusively for amalgamation or demerger. Effective from April 1, 2000, this provision permits a deduction of one-fifth of such expenditure over five successive years, starting from the year of amalgamation or demerger. No other provisions of the Income-tax Act allow deductions for these specific expenditures.
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