Insertion of new section 35ABA- Expenditure for obtaining right to use spectrum for telecommunication services.

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..... um for telecommunication services. 35ABA. (1) In respect of any expenditure, being in the nature of capital expenditure, incurred for acquiring any right to use spectrum for telecommunication services either before the commencement of the business or thereafter at any time during any previous year and for which payment has actually been made to obtain a right to use spectrum, there shall, subject .....

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..... r or years during which the spectrum, for which the fee is paid, shall be in force; (ii) appropriate fraction means the fraction, the numerator of which is one and the denominator of which is the total number of the relevant previous years; (iii) payment has actually been made means the actual payment of expenditure irrespective of the previous year in which the liability for the expenditure was i .....

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..... rd licence , the word spectrum had been substituted. It is also proposed to provide an Explanation to define certain expressions used for the purposes of the said section. This amendment will take effect from 1st April, 2017 and will, accordingly, apply in relation to the assessment year 2017-2018 and subsequent years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Reg .....

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