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What is Section 35AD of the Income Tax Act?

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Ishita Ramani Ishita Ramani
Answered on May 12,2022

An assessee shall be permitted a deduction in respect of the whole of any capital expenditure incurred, entirely and exclusively, for the purposes of any specified business carried on by him during the previous year in which such expenditure is incurred, according to Section 35AD of Income Tax Act.

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