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Suresh Thiyagarajan (Student) 16 October 2019
1. Unlike other sections that provide deductions on profit or income earned, this section provides deductions on investment. That’s why it is called as investment-linked deductions.
2. Capital expenditure or expenditure incurred prior to commencement of business will be allowed as deductions u/s 35AD provided the assessee is engaged in specified business u/s 35AD(8)(c) of the act.
3. Other conditions are also there, which has a lot of inherent meaning and definitions. But this is an overview of sec 35AD.
Please correct me if the above explanation has any mistakes.