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Direct Taxation

In this we have some specified exp and limits of 5%. 5% is calculated on either total cost of project or capital employed. Resulting figure we will take as deduction over 5yrs. But what abt those specified exp like MOA,prospectus,company reg fees. So those exp are 100% allowed as ded?

Sugam SM

CA Final

★ 9K+

16-May-23 21:17

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Answers (2)

Also say in case of demerger 2 yrs exp is amortised and remaining 3yrs exp is still to be apportioned. In what ratio do we apportion to resulting co. What is the basis

Thread Starter

Sugam SM

CA Final

★ 9K+

16-May-23 21:44

Limit is for all expenses. For demerger cases, you need to identify prelim expenses pertaining to undertaking being demerged. Dont go so deep for exams.

CA Suraj Lakhotia

Admin

17-May-23 11:54

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