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of <h1>Income Tax Bill 2025: Clause 44 Modernizes Amortization of Preliminary Expenses, Aligns with Section 35D, Eases Business Startups</h1> Clause 44 of the Income Tax Bill, 2025, outlines provisions for the amortization of preliminary expenses incurred by Indian companies or resident individuals before starting a business or expanding operations. It allows the deduction of one-fifth of specified expenses over five years, including feasibility reports and legal charges, with a cap of 5% of project cost or capital employed. This aligns with Section 35D of the Income-tax Act, 1961, but modernizes the framework by updating definitions and reflecting current financial practices. The clause aims to support business growth by easing initial financial burdens, though some terms may require further clarification.
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