https://www.taxtmi.com/article/detailed?id=6174 The Bill proposes that where an asset attracting further depreciation is put to use for less than one hundred and eighty days in a previous year and the deduction is restricted in that year, the remaining portion of the further depreciation shall be allowed in the immediately succeeding previous year; additionally, a proviso will treat qualifying new plant and machinery installed in notified backward areas as entitled to an enhanced rate of the further depreciation incentive, with consequential cross reference amendments to the short period deduction rule. en-us Fri, 27 Mar 2015 05:46:39 +0530 Fri, 27 Mar 2015 05:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6174 The Bill proposes that where an asset attracting further depreciation is put to use for less than one hundred and eighty days in a previous year and the deduction is restricted in that year, the remaining portion of the further depreciation shall be allowed in the immediately succeeding previous year; additionally, a proviso will treat qualifying new plant and machinery installed in notified backward areas as entitled to an enhanced rate of the further depreciation incentive, with consequential cross reference amendments to the short period deduction rule. Articles Income Tax Fri, 27 Mar 2015 05:46:39 +0530 https://www.taxtmi.com/article/detailed?id=6174