TaxTMI 
TaxTMI 
Question - What are the proposed in Finance Bill 2015 to encourage investment in plant or machinery by the manufacturing and power sector ?
Allowance of balance 50% additional depreciation
28 Feb 2015 
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Additional depreciation allowance extended for short-use plant or machinery; balance permitted in succeeding year to remove discrimination
The Finance Bill 2015 proposes that the balance 50% of additional depreciation on new plant or machinery not allowed in the year of acquisition because the asset was used for less than the prescribed usage-period shall be allowed in the immediately succeeding previous year, thereby removing the discrimination between assets used for shorter and longer periods in the year of acquisition and encouraging investment by the manufacturing and power sectors. (AI Summary)
The Finance Bill 2015 proposes that the balance 50% of additional depreciation on new plant or machinery not allowed in the year of acquisition because the asset was used for less than the prescribed usage-period shall be allowed in the immediately succeeding previous year, thereby removing the discrimination between assets used for shorter and longer periods in the year of acquisition and encouraging investment by the manufacturing and power sectors. (AI Summary)