Very very urgent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2015 Can anyone guide me if partnership firm is already engaged in one business activity now he is planning to set up solar power plant ,only distribution of power not geneation of power

my question is this
1 only new undertaking can get 80 IA deduction not in already existence...

is true
2 80 ia dedcution is available even in distrubution of power

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 April 2015 1. Existing enterprise setting up new undertaking(new unit) can avail 80 IA deduction.
2. 80 IA deduction available for distribution of power.

Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2015 Seetharaman sir,i want to ask if govt will offer bid for distribution of power
then is there any possibilty that govt. will give priority to companies (public and private ) compare to partnership firm

then it is benefical to incorporate private company for 80 IA deduction

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 April 2015 It is better to incorporate a private company.

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