https://www.taxtmi.com/forum/issue?id=120079 Section 35AD allows immediate deduction of qualifying capital expenditure for specified businesses where conditions are met; expenditure on land, goodwill and financial instruments is excluded and the business must be new without reuse of old plant. Hotel or motel components of the PPP wayside amenity that qualify as specified businesses can claim capital expenditure in the year incurred. Other components not falling within the specified list should be capitalised and claimed under depreciation, and complementary deductions or state incentives may be available subject to separate eligibility rules. en-us Mon, 02 Jun 2025 13:07:47 +0530 Mon, 02 Jun 2025 20:51:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120079 Section 35AD allows immediate deduction of qualifying capital expenditure for specified businesses where conditions are met; expenditure on land, goodwill and financial instruments is excluded and the business must be new without reuse of old plant. Hotel or motel components of the PPP wayside amenity that qualify as specified businesses can claim capital expenditure in the year incurred. Other components not falling within the specified list should be capitalised and claimed under depreciation, and complementary deductions or state incentives may be available subject to separate eligibility rules. Discussion-Forum Income Tax Mon, 02 Jun 2025 13:07:47 +0530 https://www.taxtmi.com/forum/issue?id=120079