TaxSaral
Medium

Preliminary Expenses — Amortisation of Pre-Commencement Expenditure

Business & Profession — Section 44

Test your understanding of Section 44 — what qualifies as a preliminary expense, amortisation over 5 years, the 5% cap (cost of project vs capital employed), why share premium is excluded (Berger Paints SC ruling), and the Form 5/Form 6 compliance requirements.

6 questionsNo time limitExplained answers