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Asked by Indulekha on :Apr. 05, 2020

Sameer Limited and Sunanya Limited wished to amal…

Sameer Limited and Sunanya Limited wished to amalgamate together and form SamSun Limited. They amal…

Sameer Limited and Sunanya Limited wished to amalgamate together and form SamSun Limited.

They amalgamated on April 6 2019.

Sameer Ltd incurred Rs76,790 and Samsun Ltd incurred Rs1,22,000 in the process of said amalgamation.

In such case, what deduction under section 35DD for the assessment year 2020-21 is available to Samsun Ltd?

0

Kanishka Apr. 05, 2020

Samsun can claim Rs 24,400 viz 1/5 of the amalgamation expense Rs1,22,000 by it in the assessment year 2020-21.

Samsun can't claim any deduction for the expense incurred by Sameer Ltd.

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