Expenditure for obtaining Licence to operate Telecommunication Services - Section 35ABB

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....te telecommunication services. 3. Payment should have been actually made to obtain a license for claiming deduction. 4. It may be incurred either before commencement of business or any time during the previous year. Amount of deduction: 1. License fees actually paid before commencement of business: License fee actually paid before commencement of the business / No. of years from the previou....

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....he year of sale. ii. When sale consideration is more than WDV The excess of sale consideration over WDV is taxable as business income in the year of sale. When a part of telecom licence is transferred i. When sale consideration is less than WDV WDV minus sale consideration will be allowed as deduction over the unexpired period. ii. When sale consideration is more than WDV The excess of sal....