Section 35DDCentral Act

Section 35DD: Amortisation of expenditure in case of amalgamation or demerger

The Income-tax Act, 1961

Amortisation of expenditure in case of amalgamation or demerger.

[Inserted by Act

27 of 1999

, Section 20 (w.e.f. 1.4.2000).]

(1)

Where an assessee, being an Indian company, incurs any expenditure, on or after the 1st day of April, 1999, wholly and exclusively for the purposes of amalgamation or demerger of an undertaking, the assessee shall be allowed a deduction of an amount equal to one-fifth of such expenditure for each of the five successive previous years beginning with the previous year in which the amalgamation or demerger takes place.

(2)

No deduction shall be allowed in respect of the expenditure mentioned in sub-section (1) under any other provision of this Act.] [Substituted by Act 12 of 1990, Section 12, for sub-Section (1) (w.e.f. 1.4.1991).]

Sec 35D — Amortisation of certain preliminary expenses

Sec 35DDA — Amortisation of expenditure incurred under voluntary retirement scheme. [Inserted by Act 14 of 2001, Section 24 (w.e.f. 1.4.2001).]

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