My company has installed Captive power plant which produces the electricity which is captively used.
I want to know whether deduction u/s 80IA is applicable to us on generation of electricity as the fact is we are not in the business of power generation but we are forging manufacturer.
25 October 2007
Separate Profit and Loss account for wind generation division and forging division should be maintained in order to claim 80-IA deduction.