How the computation of income to be made in case of new power generating unit Which is selling power to another unit of same assessed company? whether the profit of the eligible unit be computed separately and the depreciation of this unit has to be accounted on notional basis if the same has been otherwise adjusted against profit of other unit.
Deduction under section 80ia
Rakesh Bansal
Clarification Sought on Income Computation for Power Units Under Section 80IA: Separate Profit and Notional Depreciation Issues A query was raised regarding the computation of income for a new power generating unit under Section 80IA, specifically when the unit sells power to another unit within the same company. The question focused on whether the profit of the eligible unit should be computed separately and if depreciation should be accounted for on a notional basis when it has been adjusted against the profit of another unit. The only reply asked if the issue had been clarified, inviting further discussion if needed. (AI Summary)