https://www.taxtmi.com/acts?id=48687 Capital expenditure to acquire a telecommunication licence is deductible by annual amortisation using an appropriate fraction across the "relevant previous years" beginning when the fee is paid; on licence transfer, shortfalls of proceeds permit a deduction for remaining unallowed expenditure, excess proceeds may be taxed as business income, and full satisfaction of remaining expenditure ends future amortisation, with special carryover treatment in amalgamation transfers. en-us Thu, 13 Feb 2025 17:35:52 +0530 Thu, 13 Feb 2025 17:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48687 Capital expenditure to acquire a telecommunication licence is deductible by annual amortisation using an appropriate fraction across the "relevant previous years" beginning when the fee is paid; on licence transfer, shortfalls of proceeds permit a deduction for remaining unallowed expenditure, excess proceeds may be taxed as business income, and full satisfaction of remaining expenditure ends future amortisation, with special carryover treatment in amalgamation transfers. Act-Rules F. Acts / Amendment Acts Thu, 13 Feb 2025 17:35:52 +0530 https://www.taxtmi.com/acts?id=48687