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section 35ad
please explain section 35(2AA)
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weighted deduction 150%of the amount so paid upto AY 2020-21 thereafter @ 100% of the amount so paid to a National Laboratory or university or IIT for scientific research approved by prescribed authority is available. No other deduction available under the act
Hey in section 35AD
For eg :-
if I have commence new specified business in FY 17-18 and took benefit of 100% on allowable capital asset now in FY 18-19 if I purchase another capital asset for specified business then will I get benefit 100% deduction for that assets purchase in F.Y. 2018-2019
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