Sec 35ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2012
Dear sir/madam,
Please clarify me about the term 'SPLIT UP' in the section 35AD .Please explain me by giving an example.
Regards,
Shivateja
Dear sir/madam,
Please clarify me about the term 'SPLIT UP' in the section 35AD .Please explain me by giving an example.
Regards,
Shivateja
23 June 2012
Split Up has got a general meaning which indicates division of a business which is already in existence.
.
Suppose X ltd is engaged in a variety of activities. One of them is a Specified Business.
.
X ltd will not be entitled to claim capital expenditure (which had already been incurred by it at an earlier stage) in respect to the Specified Business Activity.
even if the Specified Activity Business is separated from the other Activities.
.
.
Suppose X ltd is engaged in a variety of activities. One of them is a Specified Business.
.
X ltd will not be entitled to claim capital expenditure (which had already been incurred by it at an earlier stage) in respect to the Specified Business Activity.
even if the Specified Activity Business is separated from the other Activities.
.
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
