Profits from windmill power generator
This query is : Resolved
24 March 2012
Mr A , an asseseee had set up an windmill unit in the year March 2007. Till now he has not paid any tax due to carry forward of depreciation lossess.
However from the current year he will be showing good profits. Can he claim exemption u/s 80ia for a period of ten years.
Please reply.
However from the current year he will be showing good profits. Can he claim exemption u/s 80ia for a period of ten years.
Please reply.
24 March 2012
YES DEDUCTION CAN BE CLAIMED UNDER SECTION 80-IA THE DEDUCTION CAN BE CLIMED FOR 10 YEARS OUT OF FIFTEEN YERAS FM THE YEAR IN WHICH IT STARTED GENERATING POWER
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
Message likes :
1 times
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
