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Rajat Singhal   21 September 2021

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?

 3 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     21 September 2021

No. Even though it is registered under MCA, but both are regulated by different acts.

Rajat Singhal

Rajat Singhal   21 September 2021

But in the provision mentioned registered and constituted by any central and state act. Then LLP is not considered it these words.
Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     22 September 2021

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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