https://www.taxtmi.com/forum/issue?id=108089 The deduction equals thirty per cent of additional wages paid to new regular workmen by a manufacturing unit for a three year period. The Finance Bill proposes to extend this deduction to all assessees with manufacturing units (not just companies) and to lower the base threshold for computing "additional wages" so smaller units can claim the incentive. Existing exclusions for hived off or transferred factories and acquisitions by amalgamation remain. The amendments are prospective and apply from the designated fiscal year onwards. en-us Sat, 28 Feb 2015 18:48:39 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108089 The deduction equals thirty per cent of additional wages paid to new regular workmen by a manufacturing unit for a three year period. The Finance Bill proposes to extend this deduction to all assessees with manufacturing units (not just companies) and to lower the base threshold for computing "additional wages" so smaller units can claim the incentive. Existing exclusions for hived off or transferred factories and acquisitions by amalgamation remain. The amendments are prospective and apply from the designated fiscal year onwards. Discussion-Forum Income Tax Sat, 28 Feb 2015 18:48:39 +0530 https://www.taxtmi.com/forum/issue?id=108089