To Promote Investment, Weighted Deduction for Expenditure in R&D and AGRI-Extension Services Proposed Sunset Date for Tax Exemption in Power Sector Extended.

To Promote Investment, Weighted Deduction for Expenditure in R&D and AGRI-Extension Services Proposed Sunset Date for Tax Exemption in Power Sector Extended. https://www.taxtmi.com/news?id=2880 The budget proposes extending the 200% weighted deduction for in house R&D for five years and introducing a 150% weighted deduction for agri extension services. It also extends the sunset date by one year to permit power sector undertakings set up by that date to claim a 100% profit deduction for ten years and extends a 20% additional depreciation allowance to new assets of power generation companies. en-us Fri, 16 Mar 2012 13:20:25 +0530 Fri, 16 Mar 2012 13:20:25 +0530 TaxTMI RSS Generator To Promote Investment, Weighted Deduction for Expenditure in R&D and AGRI-Extension Services Proposed Sunset Date for Tax Exemption in Power Sector Extended. https://www.taxtmi.com/news?id=2880 The budget proposes extending the 200% weighted deduction for in house R&D for five years and introducing a 150% weighted deduction for agri extension services. It also extends the sunset date by one year to permit power sector undertakings set up by that date to claim a 100% profit deduction for ten years and extends a 20% additional depreciation allowance to new assets of power generation companies. News - Fri, 16 Mar 2012 13:20:25 +0530 https://www.taxtmi.com/news?id=2880