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of <h1>Finance Bill 2020 amends Section 35AD for 100% capital expenditure deductions, clarifying non-duplication of claims. Effective April 2020.</h1> Clause 18 of the Finance Bill, 2020 proposes amendments to section 35AD of the Income-tax Act, which pertains to deductions on capital expenditure for specified businesses. The amendment to sub-section (1) allows an assessee to opt for a 100% deduction on capital expenditure incurred during the relevant previous year. The amendment to sub-section (4) clarifies that if a deduction is claimed and allowed under section 35AD, it cannot be claimed again under any other section or in any other previous year. These changes will be effective from April 1, 2020, applicable for the assessment year 2020-2021 onwards.
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