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of <h1>Income Tax Bill Clause 51: New Deduction Rules for Mineral Prospecting Expenses, Expanding Section 35E.</h1> Clause 51 of the Income Tax Bill, 2025, introduces a structured deduction mechanism for expenditures incurred in mineral prospecting, aiming to incentivize investment in the mining sector. It allows Indian companies and resident individuals to amortize eligible expenses over ten years, starting from commercial production, with specific exclusions like expenditures on acquiring mineral sites. The clause refines provisions from Section 35E of the Income Tax Act, 1961, by broadening eligible minerals and providing clearer guidelines. It includes audit requirements and addresses scenarios of amalgamation or demerger, promoting compliance and potentially stimulating economic growth in the mining industry.
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