Shivshankar (a c.a student) (229 Points)
28 March 2017CAN AN ASSESSEE ( Private Limited Company ) CLAIM DEDUCTION U/s 80-IA(4)(iv) OF THE INCOME TAX ACT FOR THE A.Y.2014-15 IF HE CARRIES ON THE FOLLOWING WORK.
THE ASSESSEE IS ENGAGED IN LAYING OF TRANSMISSION LINES IN UNELECTRIFIED AREAS THROUGH WORK ORDERS RECEIVED FROM STATE ELECTRICITY BOARDS THROUGH TENDERING PROCESS.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 29 March 2017
The said deduction is available to main company who distibutes power, ie the state electicity board; but not to their contractors .
CAclubindia
