Applicability of section 35ad
This query is : Resolved
Mallika Shah
(Querist)
05 January 2015
Is section 35AD of Income tax act, applicable to individual assessee who is building an warehouse
and renting it to sugar factories for storage of sugar.
and renting it to sugar factories for storage of sugar.
CA Kumar Mukesh
(Expert)
06 January 2015
section 35AD states only one condition that warehouse should be used to provide facility for storage of sugar. It does not make essential that warehouse should run and maintained by assessee only.
Therefore, You can claim benefit of the section 35AD
section 35AD states only one condition that warehouse should be used to provide facility for storage of sugar. It does not make essential that warehouse should run and maintained by assessee only.
Therefore, You can claim benefit of the section 35AD
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Visiting card purchase
- Query on effect of registration of property
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
