Dear Sir/ Madam,
1. An individual, got a 100% subsidy loan for a project which is approved by the prescribed authority and he dosen't have any other trading or business. It is under research now and no business is done. Will it be covered u/s 32.
2. Weighted deduction of 200% for inhouse research on bio-technology is eligible only for company?
Claim loss from house perty n HRA together for best tax saving...refer article
https://www.indiataxfin.com/home-loan-principal-and-interest-income-tax-saving/
I am very sorry. Instead of entering section 35, I entered section 32. Sorry for wasting ur precious time. Very sorry again.
ADY & CO.
New Delhi
Graduate (Any)
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Varma Raja & Associates
Thrissur
CA Inter
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M N Rao & Associates LLP
Vijayawada
CA Inter
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CCI
Pro
CAclubindia
