Income-Tax Act 1961 Amended Through Finance Act 2015 to Provide Certain Tax Benefits to Notified Backward Areas in Specified States Including State of Bihar to Give These Areas an Opportunity to Grow Faster;21 Districts of Bihar Notified as Backward Areas;

Income-Tax Act 1961 Amended Through Finance Act 2015 to Provide Certain Tax Benefits to Notified Backward Areas in Specified States Including State of Bihar to Give These Areas an Opportunity to Grow Faster;21 Districts of Bihar Notified as Backward Areas; https://www.taxtmi.com/news?id=14891 Amendments to the Income tax Act grant manufacturing undertakings established in 21 notified backward districts eligibility for 15% additional depreciation and 15% investment allowance on plant and machinery acquired and installed during the specified period; these incentives are in addition to other tax benefits, increase the effective additional depreciation available, and an enhanced investment allowance rate applies to companies investing above a prescribed threshold during an earlier sub period. en-us Wed, 19 Aug 2015 16:27:29 +0530 Wed, 19 Aug 2015 16:27:29 +0530 TaxTMI RSS Generator Income-Tax Act 1961 Amended Through Finance Act 2015 to Provide Certain Tax Benefits to Notified Backward Areas in Specified States Including State of Bihar to Give These Areas an Opportunity to Grow Faster;21 Districts of Bihar Notified as Backward Areas; https://www.taxtmi.com/news?id=14891 Amendments to the Income tax Act grant manufacturing undertakings established in 21 notified backward districts eligibility for 15% additional depreciation and 15% investment allowance on plant and machinery acquired and installed during the specified period; these incentives are in addition to other tax benefits, increase the effective additional depreciation available, and an enhanced investment allowance rate applies to companies investing above a prescribed threshold during an earlier sub period. News - Wed, 19 Aug 2015 16:27:29 +0530 https://www.taxtmi.com/news?id=14891