TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2020 amends Section 35AD, making 100% capital expenditure deduction optional for specified businesses.</h1> The Finance Bill 2020 proposes an amendment to Section 35AD of the Income Tax Act, which currently mandates a 100% deduction on capital expenditure for specified businesses. The amendment aims to make this deduction optional, addressing the issue where companies opting for a concessional tax rate under sections 115BAA or 115BAB are denied normal depreciation under section 32 due to mandatory deductions under Section 35AD. The amendment will allow companies to choose whether to claim this deduction, effective from April 1, 2020, applicable to the assessment year 2020-21 onwards.
TaxTMI 
