https://www.taxtmi.com/acts?id=49501 The amendment broadens entitlement to deduction for acquiring rights to operate telecommunication services to licences obtained before business commencement or at any later time, redefines relevant previous years to depend on timing of licence fee payment and licence duration, provides that on demerger a transferred licence is treated as belonging to the resulting Indian company (with the demerged company exempted from certain subsections), and establishes that a deduction allowed under this provision bars a deduction under the general depreciation provision for the same or subsequent years. en-us Sat, 22 Feb 2025 10:52:53 +0530 Sat, 22 Feb 2025 10:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49501 The amendment broadens entitlement to deduction for acquiring rights to operate telecommunication services to licences obtained before business commencement or at any later time, redefines relevant previous years to depend on timing of licence fee payment and licence duration, provides that on demerger a transferred licence is treated as belonging to the resulting Indian company (with the demerged company exempted from certain subsections), and establishes that a deduction allowed under this provision bars a deduction under the general depreciation provision for the same or subsequent years. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:52:53 +0530 https://www.taxtmi.com/acts?id=49501