15 Percent Investment Allowance Provided on Investment of More than 100 Crores in Plant and Machinery Concessional Rate of Tax of 15 Percent on Dividend Received from its Foreign Subsidiary by a Company Continued for One More Year https://www.taxtmi.com/news?id=4876 A 15 percent investment allowance is provided to manufacturing companies making substantial plant and machinery investments within the two-year window from April 1, 2013, intended to promote large-scale manufacturing capacity expansion. The concessional 15 percent tax on dividends received from foreign subsidiaries is extended for one year, and distributions of that income to shareholders are exempt from dividend distribution tax; the eligibility date for power-sector project tax benefits is extended by one year. en-us Thu, 28 Feb 2013 15:28:40 +0530 Thu, 28 Feb 2013 15:28:40 +0530 TaxTMI RSS Generator 15 Percent Investment Allowance Provided on Investment of More than 100 Crores in Plant and Machinery Concessional Rate of Tax of 15 Percent on Dividend Received from its Foreign Subsidiary by a Company Continued for One More Year https://www.taxtmi.com/news?id=4876 A 15 percent investment allowance is provided to manufacturing companies making substantial plant and machinery investments within the two-year window from April 1, 2013, intended to promote large-scale manufacturing capacity expansion. The concessional 15 percent tax on dividends received from foreign subsidiaries is extended for one year, and distributions of that income to shareholders are exempt from dividend distribution tax; the eligibility date for power-sector project tax benefits is extended by one year. News - Thu, 28 Feb 2013 15:28:40 +0530 https://www.taxtmi.com/news?id=4876