Deduction u/s. 80ia(4)
This query is : Open
16 January 2013
Whether benefit of section 80IA(4) is available to a partnership firm, if yes please clarify with relavant case laws.
Thank You
Thank You
19 January 2013
The Scope of Section 80IA(4) covers an Indian Company.
.
However, it depends upon the nature of specified business and the relevant date of starting the business also. It will be better if you could have specified in detail about the firm's business activities.
.
.
However, it depends upon the nature of specified business and the relevant date of starting the business also. It will be better if you could have specified in detail about the firm's business activities.
.
Message likes :
1 times
01 February 2013
Actually the firm is engaged in construction contracts for Govt. and is SPV of Indian Co.
Which is having more than 90% sharing in that firm...so just wanted to know whether the firm can get the benefit of section 80IA(4) to the extent of 90% of indian company's holding
Which is having more than 90% sharing in that firm...so just wanted to know whether the firm can get the benefit of section 80IA(4) to the extent of 90% of indian company's holding
01 February 2013
Income-Tax Act does not have any such deduction provision.
.
If you see the provisions of Deduction in Income-Tax Act, these look like an "Invitation to Party" but when you enter into the "Plot", restrictions starts to become applicable like " Sweets limited to 2 Pcs." - If you take this...you can't take that.../
.
Your point may be considered as if you want to carry " Tiffin" at home for the members who could not attend.
.
.
If you see the provisions of Deduction in Income-Tax Act, these look like an "Invitation to Party" but when you enter into the "Plot", restrictions starts to become applicable like " Sweets limited to 2 Pcs." - If you take this...you can't take that.../
.
Your point may be considered as if you want to carry " Tiffin" at home for the members who could not attend.
.
15 July 2013
Thankyou very much Sir
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
- Fixe term employment
- Is any professional CA is here please reply
- Gift Received from nonblood relative
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
