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Issue ID : 118107
- 0 -

Deduction under section 80IA

Date 09 Aug 2022
Replies1 Answers
Views 786 Views
Asked By

Dear Sir,

One of our client is running a windmill business (Proprietorship) and claimed deduction u/s 80IA for 8 consecutive years. Now he wants to transfer his business to his son. What is the tax implication on this. Will his son get 2 more years of deduction u/s 80IA or will he get fresh 10 years of deduction.

Regards,

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Replied on Sep 27, 2022
1.

In my view his son will get 2 more years.

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