Section 35AD applies to:
ASpecified businesses (cold-chain, warehousing, hospitals, etc.)
BAll capex
CAll scientific research (per relevant Section) (per relevant Section)
DOnly IT industry
Answer & Solution
Correct answer: A. Specified businesses (cold-chain, warehousing, hospitals, etc.)
1. Section 35AD allows deduction of capital expenditure for specified businesses.
2. Includes cold-chain, warehousing for agri produce, 100+ bed hospitals, etc.
3. From AY 2017-18: deduction is 100% (earlier 150% for some).
_Source: ICAI BoS CA Final Paper 7, Ch 3 "Profits and Gains of Business or Profession"_
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