https://www.taxtmi.com/news?id=11133 A temporary investment concession allows manufacturing companies meeting the statutory investment threshold within the two-year window to claim a percentage deduction on the actual cost of new plant or machinery, allocated between the first and subsequent assessment years with the latter reduced by any earlier deduction. The employment-linked incentive is confined to Indian companies earning manufacturing profits in a factory and permits a proportionate deduction of additional wages paid to new regular workmen for a multi-year period including the year of employment. en-us Fri, 03 May 2013 17:40:50 +0530 Fri, 03 May 2013 17:40:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11133 A temporary investment concession allows manufacturing companies meeting the statutory investment threshold within the two-year window to claim a percentage deduction on the actual cost of new plant or machinery, allocated between the first and subsequent assessment years with the latter reduced by any earlier deduction. The employment-linked incentive is confined to Indian companies earning manufacturing profits in a factory and permits a proportionate deduction of additional wages paid to new regular workmen for a multi-year period including the year of employment. News - Fri, 03 May 2013 17:40:50 +0530 https://www.taxtmi.com/news?id=11133