12 July 2010
We are a Partnership Firm having constructed a Hotel and a Shopping Mall.We have commenced operations of the Hotel in April,2010.
Our questions are : 1. Can we claim deduction of 100% of Capital Expenditure incurred on the Project ? 2. What does Capital Expenditure include ? 3. Do we have to segregate expenditure on Hotel and Mall or is the deduction u/s 35AD applicable to both ? 4. What are the advantages or disadvantages in terms of taxation if we covert the Partnership Firm into a LLP or a Private Company ?
Regards,
Querist :
Anonymous
Querist :
Anonymous
(Querist)
13 July 2010
If the Hotel and the Mall are in the same premises,will the entire Capital Expenditure be dductible ?