Query about Sec 35(2AB) of income tax act 1961
This query is : Resolved
18 August 2009
IS deduction allowed in expenditure on cost of building in case of scientific research of specified business?
Our sir's pamphlet says no(150% of any expenditure (other than expenditure on cost of land and building)
But padhuka says 100% deduction is available for building; land nil deduction; and other exps 150%
Our sir's pamphlet says no(150% of any expenditure (other than expenditure on cost of land and building)
But padhuka says 100% deduction is available for building; land nil deduction; and other exps 150%
Guest
Guest
(Expert)
18 August 2009
Dear Sushant
The right answer is 150% of any expenditure (other than expenditure on cost of land and building).
Trust this assist you.
Thanks & Best Regards
CA Himanshu Garg
ca.hims@gmail.com
The right answer is 150% of any expenditure (other than expenditure on cost of land and building).
Trust this assist you.
Thanks & Best Regards
CA Himanshu Garg
ca.hims@gmail.com
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