80IB
This query is : Resolved
27 October 2009
we have 20 units out of which we are claiming deduction u/s 80IB for two units. we have incurred common expenses at corporate office level for all the units including 80IB units.
my query is whether can we claim allocated common expense on sales basis as deduction in computing income from 80IB units.
thanks in advance
my query is whether can we claim allocated common expense on sales basis as deduction in computing income from 80IB units.
thanks in advance
27 October 2009
If u can ascertain the actual expenditure and if the can be substantiated to the AO on his aking, u can apportion and claim the expenditure.
Rahul Vora
(Expert)
27 October 2009
I think you can claim allocated common expense on sales basis
Jinesh Bansal
(Expert)
28 October 2009
you can allocate the coomon exps to unit elegible u/s 80IB.It must be genuine and reasonable pertains to business entity as whole. we can allocate it on sale basis.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Under marginal scheme
- Import of Software Service.
- Capitalgain tax purposes for valuation report compulsory
- TAX AUDIT ON PROFESSIONAL INCOME
- GST on Renting godown to KFCSC for Storage of Raagi
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
