<h1>Tax incentives for notified backward areas extend enhanced depreciation and investment allowance for new manufacturing projects.</h1> Amendments to the Income tax Act grant manufacturing undertakings established in 21 notified backward districts eligibility for 15% additional depreciation and 15% investment allowance on plant and machinery acquired and installed during the specified period; these incentives are in addition to other tax benefits, increase the effective additional depreciation available, and an enhanced investment allowance rate applies to companies investing above a prescribed threshold during an earlier sub period.