Section 35AD of ITA, 1961 : Section 35Ad: Deduction In Respect Of Expenditure On Specified Business

ITA, 1961

JavaScript did not load properly

Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.

Explanation using Example

Imagine a company, GreenTech Innovations Pvt. Ltd., which specializes in creating eco-friendly technology solutions. They decide to set up and operate a cold chain facility to reduce food wastage by preserving agricultural produce. The entire project involves significant capital expenditure, including the construction of the facility and the purchase of specialized refrigeration equipment.

Under Section 35AD of the Income-tax Act, 1961, GreenTech Innovations Pvt. Ltd. can claim a deduction for the entire capital expenditure incurred in setting up this cold chain facility. This deduction is allowed in the same financial year in wh...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.

🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: We're building AI tools for the Indian Law community. Help shape the future by filling out this quick form for a chance to get a free 1-year usage of the requested tool.

Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app

Kanoon Library Android App - Play Store LinkKanoon Library iOS App - App Store Link