if assessee company commenced newly constrcuted hotel operation on 10-03-2016.
my question is whether deduction under section 35AD in same financial year i.e. 2015-16 (AY 2016-17) or can be claimed in next financial year i.e. 2016-17 (AY 2017-18).
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Deduction under section 35ad of the income tax act, 1961
Replies (4)
Please confirm the dates. You have specified as 10/03/2016. The deduction available from the year of commencement
In AY 2016-17 itself.
In A.Y.2016-2017 only and can't claim dep
Deduction @ 17.5% (Half of 35%) additional depreciation would be available in AY 16-17 as assets would be used for less than 180 days.
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