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section 35AD

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 November 2010 Is it mandatory to claim deduction u/s 35AD, if assessee is eligible for this?

19 November 2010 To claim or not is left to the decision of the assessee's choice.

19 November 2010 If Assessee can claim then what is the issue for claiming it!

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 November 2010 if an assessee opts for deduction u/s 35AD, he shall not be eligible for deduction u/s 80IA.
Can he may change his option in subsequent years?

19 November 2010 If the assessee opted for claim u/.s 35AD, then in subsequent year, he will not be allowed to claim deduction u/s 80IA. This is very clear from the memorandum explaining finance bill 2010.


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