section 35AD

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Querist : Anonymous

Querist : Anonymous (Querist)

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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

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

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)

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

Querist : Anonymous

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?

CA. Bikash Bogi

CA. Bikash Bogi (Expert)

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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