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Deduction 35AD
Can a LLP, which engaged in a new business of New Infrastructure developement Facility are able to claim benefit of Deduction u/s 35AD? Please explain the relevant conditions related to above deduction for claiming it?
Replies (3)
No. Even though it is registered under MCA, but both are regulated by different acts.
But in the provision mentioned registered and constituted by any central and state act. Then LLP is not considered it these words.
Read the para completely........... It is ....." .......or by an authority or a board or a corporation established or constituted under any Central or State Act; ......"
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