https://www.taxtmi.com/news?id=13022 Section 32AC permits a 15% deduction of cost of new plant and machinery for manufacturing companies meeting prescribed investment thresholds. The proposal extends the qualifying period to 31 March 2017, lowers the single-year investment threshold for investments made on or after 1 April 2014, and preserves entitlement for companies meeting the earlier combined higher threshold across specified previous years. The amendment is intended to simplify eligibility, include medium-size investments, and takes effect from 1 April 2015 for the relevant assessment years. en-us Sun, 13 Jul 2014 16:16:24 +0530 Sun, 13 Jul 2014 16:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13022 Section 32AC permits a 15% deduction of cost of new plant and machinery for manufacturing companies meeting prescribed investment thresholds. The proposal extends the qualifying period to 31 March 2017, lowers the single-year investment threshold for investments made on or after 1 April 2014, and preserves entitlement for companies meeting the earlier combined higher threshold across specified previous years. The amendment is intended to simplify eligibility, include medium-size investments, and takes effect from 1 April 2015 for the relevant assessment years. News - Sun, 13 Jul 2014 16:16:24 +0530 https://www.taxtmi.com/news?id=13022