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of <h1>Companies Claiming Amalgamation or Demerger Expenses Can Deduct 1/5th Annually Under Section 35DD of Income Tax Act.</h1> An Indian company incurring expenses solely for the purpose of amalgamation or demerger can claim a deduction under Section 35DD of the Income Tax Act. The deduction is 1/5th of the total expenditure, spread over five consecutive years, starting from the year in which the amalgamation or demerger occurs. This deduction is specifically available to the company that incurs the expense and cannot be claimed under any other provision of the Act.
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