Special Development Package to Andhra Pradesh and Tax Incentives to Successor States https://www.taxtmi.com/news?id=13911 Pursuant to the Act's mandate to adopt appropriate fiscal measures and offer tax incentives, manufacturing units in notified backward regions will receive a 15% additional depreciation allowance in the first year on new plant and machinery and a 15% additional investment allowance for qualifying investments in new plant and machinery made in any of the five concession years, with availability even if investment occurs in the fifth year, and without requiring investment above a specified threshold. en-us Thu, 05 Feb 2015 12:28:15 +0530 Thu, 05 Feb 2015 12:28:15 +0530 TaxTMI RSS Generator Special Development Package to Andhra Pradesh and Tax Incentives to Successor States https://www.taxtmi.com/news?id=13911 Pursuant to the Act's mandate to adopt appropriate fiscal measures and offer tax incentives, manufacturing units in notified backward regions will receive a 15% additional depreciation allowance in the first year on new plant and machinery and a 15% additional investment allowance for qualifying investments in new plant and machinery made in any of the five concession years, with availability even if investment occurs in the fifth year, and without requiring investment above a specified threshold. News - Thu, 05 Feb 2015 12:28:15 +0530 https://www.taxtmi.com/news?id=13911