https://www.taxtmi.com/acts?id=20402 A new provision allows deduction of capital expenditure actually paid to acquire a right to use spectrum for telecommunication services by permitting an equal instalment deduction each relevant previous year using an appropriate fraction (one over the number of relevant previous years). Sub sections (2)-(8) of section 35ABB apply as if "spectrum" replaced "licence". The explanation defines "relevant previous years", "appropriate fraction", and that "payment has actually been made" refers to actual payment regardless of accounting liability. en-us Mon, 29 Feb 2016 16:19:32 +0530 Mon, 29 Feb 2016 16:19:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20402 A new provision allows deduction of capital expenditure actually paid to acquire a right to use spectrum for telecommunication services by permitting an equal instalment deduction each relevant previous year using an appropriate fraction (one over the number of relevant previous years). Sub sections (2)-(8) of section 35ABB apply as if "spectrum" replaced "licence". The explanation defines "relevant previous years", "appropriate fraction", and that "payment has actually been made" refers to actual payment regardless of accounting liability. Act-Rules Bill Mon, 29 Feb 2016 16:19:32 +0530 https://www.taxtmi.com/acts?id=20402