section 32AD
sheik javid (student) (281 Points)
18 April 2018
can anyone clearly explain the investment section 32AD of Income tax act?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177726 Points)
Replied 18 April 2018
- a New undertaking or enterprise for manufacture or production of any article or thing after 1st April, 2015 in any notified backward areas in the State of Andhra Pradesh, the State of Telangana; West Bengal and Bihar
- the new assets are acquired and installed for the purposes of the said undertaking or enterprise during the period beginning from the 1st April, 2015 to 31st March, 2020.
In Nutshell, any manufacturing unit........ but in notified backward areas.....
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