Understanding Section 35DDA of the Income Tax Act: Amortization of Expenditure Under Voluntary Retirement Scheme (VRS)

The Voluntary Retirement Scheme (VRS) is a widely adopted strategy by businesses to optimize their workforce and reduce operational costs. However, the financial implications of VRS, particularly concerning taxation, require…

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Read more about the article Comprehensive Guide to Section 35ABB: Amortization of Telecom License Fees
SECTION 35ABB INCOME TAX ACT

Comprehensive Guide to Section 35ABB: Amortization of Telecom License Fees

Introduction The rapid growth of the telecommunications sector in India necessitated specific tax provisions to support infrastructure development. Section 35ABB of the Income Tax Act, introduced by the Finance Act,…

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