https://www.taxtmi.com/manuals?id=1093 Additional investment allowance under section 32AD is available for undertakings or enterprises set up for manufacture or production in notified backward areas, subject to acquisition and installation of a new asset within the specified period and compliance with prescribed exclusions. The allowance is 15% of the actual cost of the new asset and is available in the year of installation. If the asset is transferred within five years, the allowance is deemed income taxable under Profits and gains of business or profession, subject to specified exceptions for amalgamation, demerger and business re-organisation. en-us Tue, 15 Sep 2015 10:43:00 +0530 Sat, 18 Apr 2026 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1093 Additional investment allowance under section 32AD is available for undertakings or enterprises set up for manufacture or production in notified backward areas, subject to acquisition and installation of a new asset within the specified period and compliance with prescribed exclusions. The allowance is 15% of the actual cost of the new asset and is available in the year of installation. If the asset is transferred within five years, the allowance is deemed income taxable under Profits and gains of business or profession, subject to specified exceptions for amalgamation, demerger and business re-organisation. Manuals Income Tax Tue, 15 Sep 2015 10:43:00 +0530 https://www.taxtmi.com/manuals?id=1093