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
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- Multiple payment of self assessment tax for A Y 2025-2026
- Gst reverse charge mechanism to be claimed in the month of payment
- Taxation on Old jewellery sold
- PF wage ceiling
- Itr processing refund
- Error in uploading Form 10BD
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
