Dear sir/Ma'am
Under section 35AD deduction was 100% for specified business but earlier there was 2 rate of deduction
i.e 150% for specified business essential for Indian economy and 100% for specified business
what the rate of deduction under section 35AD
Menu
Rate deduction under section 35AD
Replies (2)
Now deduction rate is only 100% for any type of specified business.
Change in 35AD section has been done by FA 2018 i.e. From AY 2019-20 there would be only single rate i.e 100% under 35AD for any specified business.
But for current year i.e. upto AY 2018-19 it is the same as earlier i.e 100% & 150%.
But for current year i.e. upto AY 2018-19 it is the same as earlier i.e 100% & 150%.
Recent Threads
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
Related Threads
CAclubindia
