19 September 2011
WHAT IS THE RIGHT DEFINITION OF INCOME TAX ACT SECTION 35AD . ANY SPECIFIED INCOME . WHICH TYPES OF INCOME COMES UNDER THIS SECTION PLEASE CLARIFY
21 September 2011
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
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