Amortisation of expenditure incurred under Voluntary Retirement scheme - (New) Section 52 / (Old) Section 35DDA

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....luntary retirement [ Section 52(1) ] (1) Where an expenditure of the nature specified in column B of the Table given below is incurred during the tax year, a deduction or part thereof shall be allowed in equal instalments in each of the successive tax years as mentioned in column D of the said Table, beginning from the initial tax year specified in column C thereof. Table Sl.No. Nature....

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....or entity as they would have applied to the predecessor entity if such reorganisation had not taken place; and • (b) no deduction shall be allowed to the predecessor entity under this section for the tax year in which such reorganisation takes place. "Specified business reorganisation" means • (i) amalgamation of an Indian company and its undertaking with another India....

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....om the previous year in which actual payment is made. • The deduction shall be allowed even if the amount paid to employee after voluntary retirement. • Where the assessee, being an Indian company, is entitled to the deduction under this is transferred (whether by way of amalgamation, demerger or reorganisation of the business), the provisions of this section shall, as fa....