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Amortisation means writing of an expenditure in multiple installment where the benefit of Expenditure is spread over a number of year then the law of specifice that he said expenditure should be amartyasized over as specific period accountancy term he tax a deferred revenue expenditure this provision is applicable for Indian companies under resident non corporate assesses maybe in curd oil setting up of an under taking business or in connection with extension of an under taking setting up of new unit that term preliminary expenses include preparation of physibility report project report market survey Engineering Service relating to the business of the Ashes provided the work is carried out by the person himself or by an approved emergency legal charges for drafting any agreement between any person legal charges for drafting printing expenses registration fees issue expenses in connection with public issue of shares debentures underwriting Commission broker age and charges for drafting typing printing and Advertising of prospectus any other expenses prescribed the maximum amount of preliminary expenses shall not exceed 5% of cost of project capital employed in case of non corporate its 5% of cost of project it means actual asset which shown in the book of the last day of the previous year in which the business of commences. Capital employed means aggregate of issued capital debenzone and long term borrowing as on the last day of the previous year in which the business of the company detection shall be one by 5th of the qualifying amount of 5 continuous years commencing from the year in which business commonsis of the extension extension is completed interest is the difference between issue price and redemption price technically this is known as discount such interest is allowed as a deduction on a prorata bases over the period of Bond in other word the interest discount shall be allowed as a deduction over the period of Bond applicable only for Indian companies expenditure should be incurred for purpose of promoting family planning Among Us employees revenue expenses or fully allowed as detections capital expenses or allowed as expenditure and 5 equal installment.

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