https://www.taxtmi.com/acts?id=50011 Section 35D allows amortisation of specified preliminary expenses for resident assessees setting up or extending industrial undertakings by permitting a deduction equal to one-tenth of qualifying expenditure for each of ten successive previous years, subject to exclusions, a cap based on project cost or capital employed, audit requirements for non-company claimants, disqualification where expenditure is otherwise deducted, and special rules on amalgamation. Section 35E grants a similar ten-year spread for qualifying prospecting and mine-development expenditure, limits qualifying years, excludes capital acquisitions and depreciable assets, permits carry-forward of unallowed instalments up to the tenth year, requires audit certification for non-company claimants, and contains analogous amalgamation and overlap restrictions. en-us Mon, 03 Mar 2025 14:57:47 +0530 Mon, 03 Mar 2025 14:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50011 Section 35D allows amortisation of specified preliminary expenses for resident assessees setting up or extending industrial undertakings by permitting a deduction equal to one-tenth of qualifying expenditure for each of ten successive previous years, subject to exclusions, a cap based on project cost or capital employed, audit requirements for non-company claimants, disqualification where expenditure is otherwise deducted, and special rules on amalgamation. Section 35E grants a similar ten-year spread for qualifying prospecting and mine-development expenditure, limits qualifying years, excludes capital acquisitions and depreciable assets, permits carry-forward of unallowed instalments up to the tenth year, requires audit certification for non-company claimants, and contains analogous amalgamation and overlap restrictions. Act-Rules F. Acts / Amendment Acts Mon, 03 Mar 2025 14:57:47 +0530 https://www.taxtmi.com/acts?id=50011