Expenditure incurred on roads under BOT agreement, to be amortised as business expenditure

The Central Board of Direct Taxes clarifies that the cost of construction on development of infrastructure facility of roads/highways under BOT projects may be amortised and claimed as business expenditure over the period of concessionaire agreement.

To view the full circular, please follow the link.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s