Dear sir/Ma'am
Under section 35AD deduction was 100% for specified business but earlier there was 2 rate of deduction
i.e 150% for specified business essential for Indian economy and 100% for specified business
what the rate of deduction under section 35AD
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Rate deduction under section 35AD
Replies (2)
Now deduction rate is only 100% for any type of specified business.
Change in 35AD section has been done by FA 2018 i.e. From AY 2019-20 there would be only single rate i.e 100% under 35AD for any specified business.
But for current year i.e. upto AY 2018-19 it is the same as earlier i.e 100% & 150%.
But for current year i.e. upto AY 2018-19 it is the same as earlier i.e 100% & 150%.
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