Setting up of cold chain facilities Development of infrastructure facilities in notified industrial parks Construction
deduction in respect of expenditure on specified business
Section 35AD of the Income Tax Act, 1961, allows a deduction of 100% of the
Expenditure on eligible projects or scheme of section 35AC
Section 35AC of the Income Tax Act, 1961 allows a deduction of the amount of
CONTRIBUTION TO OUTSIDERS [SEC.35]
Section 35(1)(ii) of the Income Tax Act, 1961 allows a deduction of 150% of the
EXPENDITURE ON SCIENTIFIC RESEARCH [SEC.35]
Section 35 of the Income Tax Act, 1961 allows a deduction for expenditure incurred on
consequences if the new assets are transferred within 8yrs
If you transfer a newly acquired asset within 8 years, you may have to pay
AMOUNT CANNOT BE UTILISED FOR CERATIN PURPOSE
State and local taxes Under income tax act You cannot deduct state and local taxes
AMOUNT OF DEDUCTION
The amount of deduction under income tax depends on the section under which you are
CONSEQUENCES IN CASE OF CLOSURE OF BUSINESS
The consequences of closing a business under the Income tax act1961 will depend on the
AMOUNT CAN BE WITHDRAWN FOR THE PURPOSE OF THE SCHEME
The amount that can be withdrawn for the purpose of the scheme under Section 33ABAunder