KPMG-Senior Consultant-International Tax
236 Points
Joined September 2008
genrally in IBP deductions are available to all the assesees except few exceptions like deduction for expenditure for family planning allowed to only companies , contribution to political magzines only to individuals , deductions specific to offshore banking units threre are still 2 or 3 i guess thats it
but deductions according to specified business can be found only in 35AD, or in expenditure towards sceintific expenditure , retail business 44AD, plying cars vehicles 44AF thats it
it is under section 80IA,IB,IC,ID,IE where u can make a chart section wise to mark eligible assesee eligible business .
it iwll be easy this way