Deduction U/s 80 IC
This query is : Resolved
sumit bhartia
(Querist)
27 May 2011
My company if Manufacturing Tea
factory located in Assam
Value of Plant & Machinery as on 01.04.2011 without depreciation is 4 crore
in current year we have added 1.30 crore for purchase of machinery
can we avail deduction u/s 80 IC
Whats the time limit for availing deduction us 80 IC
factory located in Assam
Value of Plant & Machinery as on 01.04.2011 without depreciation is 4 crore
in current year we have added 1.30 crore for purchase of machinery
can we avail deduction u/s 80 IC
Whats the time limit for availing deduction us 80 IC
CA MANOJ GUPTA
(Expert)
27 May 2011
THE CONDITION FOR SECTION 80-IC BENEFIT IS THAT U SHLD HAVE UNDERTAKEN SUS EXPANSION DURING PERIOD 24.12.1997 TO 01.04.2007
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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