TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax Deduction Boost: 15% Incentive for Manufacturing Investments in Backward Areas During 2015-2020 Specified Period</h1> The statutory provision provides tax incentives for investments in new plant or machinery in notified backward areas of specific states. Businesses establishing manufacturing undertakings in designated backward regions between April 2015 and April 2020 can claim a 15% deduction on the actual cost of new assets. If these assets are sold within five years, the previously claimed deduction becomes taxable income. Certain assets are excluded from the definition of 'new asset,' including previously used machinery, office appliances, vehicles, and assets already fully depreciated.
TaxTMI 
TaxTMI 
