Mr. XYZ , has a cold storage in pune named XYZ Pvt Ltd. He has set up anoher cold storage at another location . Can he set off the capital expenditure of the new unit against the new unit?
Thanks & Regards,
Devendra K
Menu
Section 35 ad deduction doubt
Replies (1)
yes
he can set off it in setoff of business loss from one business to another
he can claim 100% deduction except land buildings and financial instruments of 2nd branch and can set off or carry forward the loss as applicable
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
