Dear friends one of my client is in construction business and he is engaged in water supply projects.Does the said project qualify for deduction u/s 80IA . If, so on what basis, criteria if any and related case laws
Sec.80IA(infrastructure development)
Hari Prasad Nettem
Eligibility of Water Supply Project for Deduction Under Section 80IA: Clarifying Infrastructure Criteria and Relevant Case Laws A user inquired about whether a client's water supply project in the construction business qualifies for a deduction under Section 80IA, which pertains to infrastructure development. The query seeks clarification on the criteria and any relevant case laws that determine eligibility for such deductions. A response from another participant questioned whether the project falls under the definition of 'infrastructure' as required by the section. (AI Summary)