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of <h1>Income-tax Act Section 35AD amended: 150% deduction for specified businesses; new inclusions like bee-keeping, retroactive hotel provision.</h1> Section 35AD of the Income-tax Act is amended to introduce sub-section (1A), allowing a deduction of 150% of specified business expenditures for operations starting on or after April 1, 2012. Effective April 1, 2013, sub-section (5) is revised to include businesses like inland container depots, bee-keeping, and sugar warehousing as specified businesses. Sub-section (6A) is added, deeming hotel owners who transfer operations as continuing specified businesses. These changes apply from the 2013-2014 assessment year, except for the hotel provision, effective retroactively from the 2011-2012 assessment year.
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