<h1>Amendment to Section 32AC: Investment Allowance Extended to 2017, Reduced Threshold for Manufacturing Companies.</h1> The Finance (No. 2) Bill, 2014 proposes amendments to section 32AC of the Finance Act, 2013, extending the investment allowance for manufacturing companies. Originally, companies investing over Rs. 100 crore in new plant and machinery between April 1, 2013, and March 31, 2015, could claim a 15% deduction. The amendment extends this benefit to investments made until March 31, 2017, and lowers the threshold to Rs. 25 crore for investments made on or after April 1, 2014. Companies meeting previous criteria remain eligible even if their 2014-15 investments fall below the new threshold. These changes apply from April 1, 2015.