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of <h1>Clause 46 of the Income Tax Bill, 2025: Deduct Capital Expenditure for New Infrastructure, Hotels, Hospitals, Warehousing.</h1> Clause 46 of the Income Tax Bill, 2025, allows an assessee to deduct capital expenditure incurred for specified businesses during the tax year it is incurred, provided certain conditions are met. These businesses must not be set up by splitting or reconstructing existing businesses or using previously utilized machinery. Specific businesses include infrastructure facilities, hotels, hospitals, and warehousing, among others, with commencement dates specified. The deduction is exclusive, precluding claims under other sections or years. Assets must be used for the specified business for eight years, with exceptions for sick industrial companies. Definitions and conditions for associated persons and specified businesses are detailed.
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