https://www.taxtmi.com/forum/issue?id=108085 Targeted income tax incentives for notified backward areas of Andhra Pradesh and Telangana create an Additional Investment Allowance equal to fifteen percent of the cost of specified new plant and machinery for manufacturing undertakings set up in those areas, with the term "new asset" narrowly defined and a five year transfer restriction (subject to amalgamation/demerger exceptions). Concurrently, the proposal increases the concessional Additional Depreciation rate for qualifying new plant and machinery (excluding ships and aircraft), to be available over and above general depreciation and subject to existing short use restrictions and consequential timing adjustments. en-us Sat, 28 Feb 2015 18:30:58 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108085 Targeted income tax incentives for notified backward areas of Andhra Pradesh and Telangana create an Additional Investment Allowance equal to fifteen percent of the cost of specified new plant and machinery for manufacturing undertakings set up in those areas, with the term "new asset" narrowly defined and a five year transfer restriction (subject to amalgamation/demerger exceptions). Concurrently, the proposal increases the concessional Additional Depreciation rate for qualifying new plant and machinery (excluding ships and aircraft), to be available over and above general depreciation and subject to existing short use restrictions and consequential timing adjustments. Discussion-Forum Income Tax Sat, 28 Feb 2015 18:30:58 +0530 https://www.taxtmi.com/forum/issue?id=108085