Sec 35AD: Deduction in respect of capital expenditure incurred on setting up of a specified business

Ritik Chopra , Last updated: 07 May 2021  
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With effect from the assessment year 2010-11, a new deduction u/s 35AD was introduced to provide an incentive to those assessees who set up new business units. The deduction is available towards any capital expenditure, wholly and exclusively, incurred for carrying on a specified business. Condit

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Published by

Ritik Chopra
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Category Income Tax   Report

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