Скачать или смотреть #Pgbp

Hi All,

All Tax Lovers let's read section 35AD
5 key points in 1 mints learning :

5 concepts :

1. It is for newly set up business ( Like cold chain facility, warehousing & Storage of sugar & Food grains)

2. 100% Deduction for Capital Expenditure except cost of Land and Goodwill

3. Except company other Assesses' can get benefit of this section if they opt for Section 115BAC (1A).

4. For new plant & machinery purchased during the year out of which 20% second hand plant & Machinery allowed.

Property, used outside India bring into India and installed, is allowed as deduction provided no income tax deduction has availed in this asset earlier.

5. Asset sold during 8 years of acquisition, it will be considered as Deemed PGBP u/s 35AD(7B)
i.e (Cost - Depreciation till the date of Sale).

If you like 1 mints read please wait for next video hope you enjoy so please share👍

Thanks,

your beloved

CA Sanjay Sarkar

#castudents #castudy #trending #pgbp #section35AD #catax #cmatax #cstax #directtaxquickrevision #directtaxation #shorts #shortmethod #bestexplanation #viralpost #taxprep2024 #taxrevision #catax