Deduction u/s 80IB (11C)
This query is : Resolved
22 April 2010
Assessee an HUF is already running a 30 bedded hospital since 2003. After 2008 HUF started construction of additional building after purchasing land and it will be completed in April 2010 and will be 100 bedded hospital.
1. Can HUF claim deduction under section 80-IB (11C)
2. Will it make any difference if he makes it 130 bedded hospital.
3. What will be fate of old unit 1 consisting of 30 beds under section 80-IB (11C)
4. Whether assessee can purchase the whole hospital in individual capacity and claim deduction under section 80-IB (11C)
1. Can HUF claim deduction under section 80-IB (11C)
2. Will it make any difference if he makes it 130 bedded hospital.
3. What will be fate of old unit 1 consisting of 30 beds under section 80-IB (11C)
4. Whether assessee can purchase the whole hospital in individual capacity and claim deduction under section 80-IB (11C)
24 April 2010
In my opinion construction part should be shown as unit 2 and can claim deduction .
otherwise option 4( assessee can purchase the whole hospital in individual capacity and claim deduction under section 80-IB (11C)) can also be the right choise.
otherwise option 4( assessee can purchase the whole hospital in individual capacity and claim deduction under section 80-IB (11C)) can also be the right choise.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- GST rate and HSN code for sale of racing horses
- Eway bill generation from place other than registeted
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- TDS Return Q1 FY 2026-27
- 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
