23 December 2008
Whether a company entitled for deduction u/s 80IA can claim the same if it shows the rent income from leased property under House Property Income and not under Profits & Gains from Business and Profession??
(i) any enterprise carrying on the business 7[of (i) developing or (ii) operating and maintaining or (iii) developing, operating and maintaining] any infrastructure facility which fulfils all the following conditions.
So. focus is on developing activities and not lease activities.
CAclubindia
