deduction u/s 35
This query is : Resolved
30 October 2009
a asset is purchased for scientific research &deduction of 100% on expenditure has been claimed u/s35 ,then it is brought in business added in block & sold .how will we treat it?
31 October 2009
Asset include in relevant block at nil value. When this asset is sold,deduct the money payable from the block in which such asset was earlier included.
31 October 2009
Iagree with mr CMA Arif.
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