Query about Sec 35(2AB) of income tax act 1961

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s.lohani (Querist)
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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%

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

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