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Section 35ad


WHAT IS THE RIGHT DEFINITION OF INCOME TAX ACT SECTION 35AD . ANY SPECIFIED INCOME . WHICH TYPES OF INCOME COMES UNDER THIS SECTION PLEASE CLARIFY

Section 35AD: Deduction in respect of expenditure on specified business.

Specified business are as under:

1. setting up and operating a cold chain facility

2. setting up and operating a warehousing facility for storage of agricultural produce

3. laying and operating a cross-country natural gas pipeline network for distribution, including storage facilities being an integral part of such network

4. building and operating a new hotel of two-star or above category

5. building and operating a new hospital with at least one hundred beds for patients

6. developing and building a housing project under a scheme for slum redevelopment or rehabilitation

7. developing and building a housing project under a scheme for affordable housing

8. production of fertilizer in India

THANKAS A LOT DOR YOUR REPLY



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