PGBP sec 35(2AA),(1)(ii), 35 CCC, 35 CCD

Direct Taxation

As per new amendement 150% deduction reduced to 100% for contribution to Scientific research,sec 35ccc, 35ccd. Is this amendement are effect from 01.04.2021 onwards? So if questions give such transaction for the year ended 31st march 2021, shall i ignore new amendement?

AKHIL KOSHY

CA Final

★ 7K+

07-Apr-21 19:33

692

Answers (2)

100% as per ICAI material applicable for May 21 (refer to pg 4.290 & 4.291)

Sudha Reddy

CA Final

★ 20K+

08-Apr-21 11:34

Thank you

Thread Starter

AKHIL KOSHY

CA Final

★ 7K+

08-Apr-21 19:01