Ease in claiming deduction on amortization of preliminary ...
Amortization Deduction Process Simplified: No More CBDT Approval Needed for Preliminary Expenses.
February 2, 2023
Notes Income Tax
Ease in claiming deduction on amortization of preliminary expenditure - certain preliminary expenses which are required to approved by the Board (CBDT) - In order to ease the process of claiming amortization of these preliminary expenses, such condition is proposed to be removed.
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