80IB(1)(c)
This query is : Resolved
30 August 2010
X co.satisfies all the conditions of Sec 80IB(4) and hence claims deduction under the said section. Then the co. installed a new manufacturing plant in 2006-07, for this unit also it continued claiming the deduction. Now the co. has started a new project in 2010-11. For this also the company want to claim the deduction u/s. 80IB (4). Is the companies contention correct? Can the comapny do so?
30 August 2010
New Project constitutes a new undertaking.
Except the State of J&K, the deadline for completion of project is 31st March 2004.
For J& K the project completion date is 31.03.2012.
If the project is not in the State of Jammu & Kashmir, the contention of the company is not correct.
Except the State of J&K, the deadline for completion of project is 31st March 2004.
For J& K the project completion date is 31.03.2012.
If the project is not in the State of Jammu & Kashmir, the contention of the company is not correct.
31 August 2010
Then can the company claim deduction under any other section?
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