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Deduction under section 80IA, Income Tax

Issue Id: - 118107
Dated: 9-8-2022
By:- MANOHAR KALBURGI

Deduction under section 80IA

Contents

Dear Sir,

One of our client is running a windmill business (Proprietorship) and claimed deduction u/s 80IA for 8 consecutive years. Now he wants to transfer his business to his son. What is the tax implication on this. Will his son get 2 more years of deduction u/s 80IA or will he get fresh 10 years of deduction.

Regards,

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 27-9-2022
By:- DR.MARIAPPAN GOVINDARAJAN