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incometax 80 IB(11A)

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(Querist)
27 June 2011 sir,
can a company claim 80 IB(11A)deduction if it is purchased godowns from another existing co and let it out to warehousing corporation. we do not know whether the previous company claimed this or not
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Pragnesh

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Pragnesh (Expert)
27 June 2011 80IB deduction is not available on Income from letting out of warehouses or godown

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