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can anyone solve my problem
One of our clients has started a new business of producing iron. can he claim any deduction under any section of chapter VI-A?
Replies (4)
80 G, 80 GGA, 80 GGB, 80 GGC
If you are asking about deduction in respect of Profits and Gains from the business of manufacturing of iron, no deductions are available at present except deduction u/s.80-IC and 80-IE for certain undertakings in certain states and subject to certain conditions.
ya he can claim prelimenery expenses deduction under as set up cost
| Originally posted by :vishnu | ||
| " | ya he can claim prelimenery expenses deduction under as set up cost | " |
Dear preliminary exps. are not covered under Ch. VI-A deduction.
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