CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · Corporate Tax Planning
Which of the following new ventures qualifies as a 'specified business' for the deduction of whole capital expenditure under section 46 of the Income-tax Act, 2025?
Setting up and operating a cold chain facility is a specified business. A 60-bed hospital falls short of the 100-bed requirement, a one-star hotel is below the two-star minimum, and a retail clothing chain is not listed at all.
- ABuilding and operating a hospital with 60 beds for patients
- BSetting up and operating a cold chain facilityCorrect
- CRunning a retail clothing chain
- DOperating a one-star category hotel
Explanation
Cold chain facility is listed as a specified business. A hospital must have at least 100 beds, a hotel must be two star or above, and retail clothing is not listed.
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