SECTION 35AD

[jitendra jain]

Dear team,

in my last query it is clear that section 80IA is no more applicable for infra projects and further we can take deductions of 35AD. our company is private limited company registered with MSME (micro) registration comes as 'Availing benefit of Primary Sector Lending (PSL) only.

How section 35AD works? can we take 100% deduction of capital expenditure in very Friest year. our business profile is we are allotted way side amenity on Samrudhi highway (Nagpur- Mumbai) this project comes under PPP public private partnership.

we are developing all infrastructure food plaza, public amenity, hotel motel and many other facilities in that area. land allotted by govt on long lease. area comes in Vidarbha (backward area of Maharashtra) industrial zone is D+...(The project comes under Maha tourism schemes)

please guide us in which IT section we are fit for take deductions and benefits maximum.

thanks & regards.

jitendra jain

9422727133

AI Summary

Tax Deduction Strategies for MSME Infrastructure Project Leveraging Section 35AD Incentives for Highway Amenity Development A private limited MSME company developing a wayside amenity project on Samrudhi highway under public-private partnership seeks tax deduction guidance. The project involves infrastructure facilities in Maharashtra's Vidarbha region. The query explores potential income tax benefits under Section 35AD, focusing on capital expenditure deductions for hotel and infrastructure components, with emphasis on maximizing fiscal incentives through various statutory provisions.