https://www.taxtmi.com/acts?id=3567 Section 35D allows Indian companies and resident persons to amortise prescribed preliminary expenditures-such as feasibility and project reports, surveys, engineering services, legal and company formation charges-by claiming a phased deduction beginning with the year business commences or the new unit/extension starts, subject to prescribed caps linked to project cost or capital employed, audit and reporting requirements for non-corporates, and rules preserving treatment on amalgamation or demerger; amounts so deducted cannot be claimed under any other provision. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 16:32:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3567 Section 35D allows Indian companies and resident persons to amortise prescribed preliminary expenditures-such as feasibility and project reports, surveys, engineering services, legal and company formation charges-by claiming a phased deduction beginning with the year business commences or the new unit/extension starts, subject to prescribed caps linked to project cost or capital employed, audit and reporting requirements for non-corporates, and rules preserving treatment on amalgamation or demerger; amounts so deducted cannot be claimed under any other provision. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3567