https://www.taxtmi.com/acts?id=3657 Development rebate under Rule 5B of the Income-tax Rules, 1962 depends on the asset and the relevant time conditions. For a ship covered by section 33(1A), the deduction is 30 per cent of actual cost if acquired before the expiry of seven years from the date it was built, and 20 per cent in other cases. For machinery or plant installed after 31 March 1964, the deduction is 20 per cent for coal mining business if installed before 1 April 1966, and 10 per cent otherwise. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 18 May 2026 13:06:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3657 Development rebate under Rule 5B of the Income-tax Rules, 1962 depends on the asset and the relevant time conditions. For a ship covered by section 33(1A), the deduction is 30 per cent of actual cost if acquired before the expiry of seven years from the date it was built, and 20 per cent in other cases. For machinery or plant installed after 31 March 1964, the deduction is 20 per cent for coal mining business if installed before 1 April 1966, and 10 per cent otherwise. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3657