https://www.taxtmi.com/article/detailed?id=6107 An additional investment allowance equal to fifteen percent of the cost of new assets is proposed for undertakings set up for manufacture or production in notified backward areas of Andhra Pradesh and Telangana, applicable to assets acquired and installed between 1 April 2015 and 31 March 2020 and available alongside existing investment-linked deductions where eligibility conditions are met; a five year restriction on transfer of plant and machinery is proposed with exceptions for amalgamation, demerger, or reorganisation, and additional depreciation for new plant and machinery in such undertakings is proposed to increase, subject to existing exclusions and the 180 day usage rule. en-us Mon, 02 Mar 2015 07:25:18 +0530 Mon, 02 Mar 2015 13:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6107 An additional investment allowance equal to fifteen percent of the cost of new assets is proposed for undertakings set up for manufacture or production in notified backward areas of Andhra Pradesh and Telangana, applicable to assets acquired and installed between 1 April 2015 and 31 March 2020 and available alongside existing investment-linked deductions where eligibility conditions are met; a five year restriction on transfer of plant and machinery is proposed with exceptions for amalgamation, demerger, or reorganisation, and additional depreciation for new plant and machinery in such undertakings is proposed to increase, subject to existing exclusions and the 180 day usage rule. Articles Budget - Tax Proposals Mon, 02 Mar 2015 07:25:18 +0530 https://www.taxtmi.com/article/detailed?id=6107