28/01/2019
Amortisation of expenditure in case of amalgamation /demerger (sec 35DD] :-
If an Indian company incurs any expenditure for the purpose of amalgamation or demerger, it is allowed as deduction in five successive years in five equal instalments. The first instalment is deductible in the previous year in which amalgamatlon or demerger takes place.
A similar provision is applicable in the case of amalgamation or demerger of co-operative banks.
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