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Sir,
Query regarding claim of deduction u/s 80IA of income tax Act, 1961.
One of our assessee is carrying on the business of extracting oil alongwith generating power by windmill which is eligible for deduction u/s 80IA. The assessee had 11 windmill machines commissioned in different years starting from the FY 2003-04. He had claimed deduction from FY 2009-10(AY 2010-11) with the return of income filed within due date u/s 139(1) for 4 machines. They had not claimed deduction in respect of other machines installed.
Investment has been made through finance of loan from banks.
What is procedure to be followed for claiming deduction u/s 80IA. In case, the assessee had claimed short deduction of the same, what other procedures to be followed.
Thanks,
Harish
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