https://www.taxtmi.com/manuals?id=1092 Investment allowance under Section 32AC permits companies engaged in manufacture or production to claim an additional deduction-calculated as a specified percentage of actual cost-on new plant and machinery acquired and installed in prescribed periods, subject to distinct threshold-based schemes, reduction where earlier allowance was claimed, a five-year lock-in that triggers deemed income on premature disposal (with amalgamation/demerger exceptions), and specific exclusions such as ships, aircraft, second-hand plant, office installations, office appliances and vehicles; the allowance is over and above depreciation and does not reduce block WDV. en-us Tue, 15 Sep 2015 10:41:00 +0530 Wed, 06 Mar 2024 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1092 Investment allowance under Section 32AC permits companies engaged in manufacture or production to claim an additional deduction-calculated as a specified percentage of actual cost-on new plant and machinery acquired and installed in prescribed periods, subject to distinct threshold-based schemes, reduction where earlier allowance was claimed, a five-year lock-in that triggers deemed income on premature disposal (with amalgamation/demerger exceptions), and specific exclusions such as ships, aircraft, second-hand plant, office installations, office appliances and vehicles; the allowance is over and above depreciation and does not reduce block WDV. Manuals Income Tax Tue, 15 Sep 2015 10:41:00 +0530 https://www.taxtmi.com/manuals?id=1092