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of <h1>Domestic Companies Face Two-Thirds Limit on Unabsorbed Depreciation and Investment Allowance Under Specific Tax Regulation</h1> Statutory provision restricts unabsorbed depreciation and investment allowance for domestic companies for assessment years starting from April 1, 1992. The deduction is limited to two-thirds of the allowance, with the remaining balance carried forward to subsequent years. The restriction does not apply to allowances less than one lakh rupees. The provision aims to regulate tax deductions for domestic companies, providing a mechanism for gradual absorption of unabsorbed allowances over multiple assessment years.
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