CAN AN ASSESSEE ( INDIVIDUAL ) CLAIM DEDUCTION U/s 80-IA(4)(iv) OF THE INCOME TAX ACT FOR THE A.Y.2009-10 IF HE CARRIES ON THE FOLLOWING WORK.
THE ASSESSEE IS ENGAGED IN LAYING OF TRANSMISSION LINES IN UNELECTRIFIED AREAS THROUGH WORK ORDERS RECEIVED FROM STATE ELECTRICITY BOARDS THROUGH TENDERING PROCESS.
Yes the benefit of Sec 80 IA (4) (iv) is also available in AY 2009-10 provided the laying of transmission lines should have been started on or after 1st April 1999, but on or before 31st March 2010 as per the taxation provisions for AY 2009-10.
R P S K & Associates
Nashik
CA Inter
View Details
CAclubindia
