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of <h1>Companies acquiring new plant/machinery in 2013-2015 (cost >Rs100 crore) get 15% deduction; recapture if transferred within five years</h1> A company engaged in manufacture or production that acquires and installs new plant or machinery (excluding ships, aircraft and specified items) after 31 March 2013 but before 1 April 2015, with aggregate actual cost exceeding Rs.100 crore, may claim a deduction of 15% of such cost: once for the assessment year starting 1 April 2014 for assets installed before 1 April 2014, and again for the year starting 1 April 2015 (reduced by any earlier deduction). If an asset is transferred within five years (other than on amalgamation/demerger, which carries over liability), the deduction is recaptured as business income. Excluded items include previously used machinery, office/residential installations, office appliances/software, vehicles, and assets whose full cost is otherwise deductible.
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