Stamp Duty Expenses in Demerger Deductible on Payment Basis u/s 43B, Overrides Other Income Tax Provisions.

Stamp Duty Expenses in Demerger Deductible on Payment Basis u/s 43B, Overrides Other Income Tax Provisions. https://www.taxtmi.com/highlights?id=36119 Stamp duty paid on demerger - Though section 35DD is applicable, the provisions of section 43B has an overriding effect on all other provisions of the Act, any expenditure referred to in that section shall be allowed only on payment basis - 100% expenditure allowed. en-us Tue, 29 Aug 2017 17:08:41 +0530 Tue, 29 Aug 2017 17:08:41 +0530 TaxTMI RSS Generator Stamp Duty Expenses in Demerger Deductible on Payment Basis u/s 43B, Overrides Other Income Tax Provisions. https://www.taxtmi.com/highlights?id=36119 Stamp duty paid on demerger - Though section 35DD is applicable, the provisions of section 43B has an overriding effect on all other provisions of the Act, any expenditure referred to in that section shall be allowed only on payment basis - 100% expenditure allowed. Highlights Income Tax Tue, 29 Aug 2017 17:08:41 +0530 https://www.taxtmi.com/highlights?id=36119