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of <h1>New Income-tax Rules Clarify Spectrum Usage Payments for Telecoms u/s 35ABA; Address Deferred Payment Non-compliance Consequences.</h1> The Income-tax (24th Amendment) Rules, 2016, issued by the Central Board of Direct Taxes, address the expenditure related to obtaining the right to use spectrum for telecommunication services under section 35ABA of the Income-tax Act, 1961. The rules clarify that 'payment has actually been made' refers to either full upfront payment or the amount payable if deferred payment is chosen, as allowed by the Department of Telecommunications. If an assessee fails to comply with deferred payment conditions, leading to termination of the spectrum allotment, the Assessing Officer will recompute the total income for the relevant year, considering the spectrum fee paid until termination.
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