TMI BlogDeduction under section 80IAX X X X Extracts X X X X X X X X Extracts X X X X ..... Deduction under section 80IA X X X X Extracts X X X X X X X X Extracts X X X X ..... nning 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 g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... et 2 more years of deduction u/s 80IA or will he get fresh 10 years of deduction.
Regards,
Reply By DR.MARIAPPAN GOVINDARAJAN:
The Reply:
In my view his son will get 2 more years. X X X X Extracts X X X X X X X X Extracts X X X X ..... rum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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