Section 35DD of ITA, 1961 : Section 35Dd: Amortisation Of Expenditure In Case Of Amalgamation Or Demerger
ITA, 1961
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Explanation using Example
Imagine XYZ Pvt. Ltd., an Indian company, undergoes a merger with ABC Corp. on April 10, 2021. In the process, XYZ Pvt. Ltd. incurs expenses amounting to INR 500,000 exclusively for the amalgamation process. According to Section 35DD of the Income-tax Act, 1961, XYZ Pvt. ...
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