Section 35AD
Last updated at May 29, 2018 by Teachoo
150% Deduction Business List Removed
EARLIER
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NOW
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On certain business,
150% deduction available
while on others 100% deduction available (both capital and revenue)
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150% Deduction now removed
In all cases,now 100% Deduction
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List of Business Getting 150% Deduction
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Setting up and operating a cold chain facility;
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Setting up and operating a warehousing facility for storage of agricultural produce;
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Production of fertilizers in India
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Building and operating, anywhere in India, a hospital with at least 100 beds for patients;
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Beveloping and building a scheme of affordable housing (Scheme framed by Centran Government/State Government) and notified by CBDT
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Now these are covered under 100% deduction
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