incometax 80 IB(11A)
This query is : Resolved
CA V S K Rao
(Querist)
27 June 2011
sir,
can a company claim 80 IB(11A)deduction if it is purchased godowns from another existing co and let it out to warehousing corporation. we do not know whether the previous company claimed this or not
can a company claim 80 IB(11A)deduction if it is purchased godowns from another existing co and let it out to warehousing corporation. we do not know whether the previous company claimed this or not
27 June 2011
80IB deduction is not available on Income from letting out of warehouses or godown
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