A firm is already claiming 100 % deduction under section 80IC. this is d fifth and last year for which it can claim 100% deduction and after that 25% deduction will be available.
now firm is thinking to go on substantial expansion, whether the firm is again eligible for 100% deduction under section 80IC from the year in which such expansion takes place??
i think the firm will not get any deduction u/s 80 IC.... the firm is not eligible for claiming deduction...
to get the exemption under section 80-IC partner's salary will be dedcuted from the profit.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
