New Section 35ABA: Taxpayers Can Deduct Capital Expenditures on Telecom Spectrum Rights Over Its Useful Life.

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Full Text of the Document

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....Insertion of new section 35ABA - any capital expenditure incurred and actually paid by an assessee on the acquisition of any right to use spectrum for telecommunication services shall be allowed as a deduction in equal instalments over the period starting from the year in which such payment has been made and ending in the year in which the useful life of spectrum comes to an end.....