Example on Sec35AD
Que.SHAYVIDZ Aqua Ltd commenced operation of business of a New3star hotel on1.4.2010.
Capital Exp Rs.50L (Jan2010toMar2010)& capitalized it.
In P.Y.2010-11,Capital Exp Rs.200L(inclusive of Rs.150L for acquisition of Land)
Compute deduction u/s35AD assuming that no Deduction claimed under chapter VI-A
Que.SHAYVIDZ Aqua Ltd commenced operation of business of a New3star hotel on1.4.2010.
Capital Exp Rs.50L (Jan2010toMar2010)& capitalized it.
In P.Y.2010-11,Capital Exp Rs.200L(inclusive of Rs.150L for acquisition of Land)
Compute deduction u/s35AD assuming that no Deduction claimed under chapter VI-A
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