Can a firm claim a deduction under section 80HH if it receives a deduction under section 35AD?


Ishita Ramani Ishita Ramani
Answered on May 12,2022

A specified business that has received a deduction under Section 35AD of the Internal Revenue Code cannot claim a deduction under Chapter VIA. This means it is not eligible for a deduction under Sections 80HH-80RRB.


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