Income Tax Act, 2025
Section 6: Ins. by Act 23 of 2012, s. 10 (w.e.f. 12013).
6. Ins. by Act 23 of 2012, s. 10 (w.e.f. 12013).
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1[Provided that for the assessment year beginning on or after the 1st day of April, 2021, the provisions
of this sub-section shall have effect as if for the words “a sum equal to one and one-half times of”, the
words “a sum equal to” had been substituted.]
(2) Where a deduction under this section is claimed and allowed for any assessment year in respect of
any expenditure referred to in sub-section (1), deduction shall not be allowed in respect of such
expenditure under any other provisions of this Act for the same or any other assessment year.]
2[35CCD. Expenditure on skill development project.— (1) Where a company incurs any
expenditure (not being expenditure in the nature of cost of any land or building) on any skill development
project notified by the Board in this behalf in accordance with the guidelines as may be prescribed, then,
there shall be allowed a deduction of a sum equal to one and one-half times of such expenditure.]
3[Provided that for the assessment year beginning on or after the 1st day of April, 2021, the provisions
of this sub-section shall have effect, as if for the words “an amount equal to one and one-half times of”,
the words “a sum equal to” had been substituted.]
(2) Where a deduction under this section is claimed and allowed for any assessment year in respect of
any expenditure referred to in sub-section (1), deduction shall not be allowed in respect of such
expenditure under any other provisions of this Act for the same or any other assessment year.]
4[35D. Amortisation of certain preliminary expenses.— (1) Where an assessee, being an Indian
company or a person (other than a company) who is resident in India, incurs, after the 31st day of March,
1970, any expenditure specified in sub-section (2),—
(i) before the commencement of his business, or
(ii) after the commencement of his business, in connection with the extension of his
5[undertaking] or in connection with his setting up a new 6[unit],
the assessee shall, in accordance with and subject to the provisions of this section, be allowed a
deduction of an amount equal to one-tenth of such expenditure for each of the ten successive previous
years beginning with the previous year in which the business commences or, as the case may be, the
previous year in which the extension of the 5[undertaking] is completed or the new 6[unit] commences
production or operation:
7[Provided that where an assessee incurs after the 31st day of March, 1998, any expenditure specified
in sub-section (2), the provisions of this sub-section shall have effect as if for the words “an amount equal
to one-tenth of such expenditure for each of the ten successive previous years”, the words “an amount
equal to one-fifth of such expenditure for each of the five successive previous years” had been
substituted.]
(2) The expenditure referred to in sub-section (1) shall be the expenditure specified in any one or
more of the following clauses, namely :—
(a) expenditure in connection with—
(i) preparation of feasibility report;
(ii) preparation of project report;
Where a deduction under this section is claimed and allowed for any assessment year in respect of
any expenditure referred to in sub-section
Where a company incurs any
expenditure (not being expenditure in the nature of cost of any land or building) on any skill development
project notified by the Board in this behalf in accordance with the guidelines as may be prescribed, then,
there shall be allowed a deduction of a sum equal to one and one-half times of such expenditure.]
3[Provided that for the assessment year beginning on or after the 1st day of April, 2021, the provisions
of this sub-section shall have effect, as if for the words “an amount equal to one and one-half times of”,
the words “a sum equal to” had been substituted.]
Where a deduction under this section is claimed and allowed for any assessment year in respect of
any expenditure referred to in sub-section
Where an assessee, being an Indian
company or a person (other than a company) who is resident in India, incurs, after the 31st day of March,
1970, any expenditure specified in sub-section
before the commencement of his business, or
after the commencement of his business, in connection with the extension of his
5[undertaking] or in connection with his setting up a new 6[unit],
the assessee shall, in accordance with and subject to the provisions of this section, be allowed a
deduction of an amount equal to one-tenth of such expenditure for each of the ten successive previous
years beginning with the previous year in which the business commences or, as the case may be, the
previous year in which the extension of the 5[undertaking] is completed or the new 6[unit] commences
production or operation:
7[Provided that where an assessee incurs after the 31st day of March, 1998, any expenditure specified
in sub-section
The expenditure referred to in sub-section
shall be the expenditure specified in any one or
more of the following clauses, namely :—
expenditure in connection with—
preparation of feasibility report;
preparation of project report;