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Deduction 35AD

176 views 3 replies

Rajat Singhal

95 Points Joined June 2017

Can a LLP, which engaged in a new business of New Infrastructure developement Facility are able to claim benefit of Deduction u/s 35AD? Please explain the relevant conditions related to above deduction for claiming it?

Replies (3)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210657 Points Joined July 2016

No. Even though it is registered under MCA, but both are regulated by different acts.

Rajat Singhal

95 Points Joined June 2017

But in the provision mentioned registered and constituted by any central and state act. Then LLP is not considered it these words.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

210657 Points Joined July 2016

Read the para completely........... It is ....." .......or by an authority or a board or a corporation established or constituted under any Central or State Act; ......"