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Income Tax - Highlights / Catch Notes

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Deduction u/s 80-IA - book profit computation u/s 115JA - profit ...


Section 80-IA Deduction Applies to Captive Electricity Consumption, Affects Book Profit Calculation u/s 115JA.

March 15, 2019

Case Laws     Income Tax     AT

Deduction u/s 80-IA - book profit computation u/s 115JA - profit and gain from captive consumption of electricity supplied from generator set and which cannot be sold to any third person will qualify for deduction under Section 80-IA.

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