1. Conditions: The payment should be authorized by the partnership deed. It should be for the period falling after the date of partnership deed. 2. Exception: The above condition does not apply in the following situations- Where an individual is a partner on behalf of or for the benefit of any other person, and interest […]
Read More1. Applicability: The assessee should be an Indian Company or Non-Corporate resident assessee. 2. Purpose of preliminary expenses: Before commencement of business – For setting up of any undertaking or business. After commencement of business – Extension of existing undertaking Or setting up new unit. Note: W.e.f. A.Y. 2009-10, the benefit u/s 35D is also […]
Read MoreApplicability: The assessee should be an Indian Company or Non-Corporate resident assessee. Purpose of preliminary expenses: Before commencement of business – For setting up of any undertaking or business. After commencement of business – Extension of existing undertaking Or setting up new unit. Note: W.e.f. A.Y. 2009-10, the benefit u/s 35D is also available to […]
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