https://www.taxtmi.com/acts?id=45922 The amendment to Section 33 substitutes the year reference and replaces the sub-clause governing machinery and plant installed after 31st March 1965. It prescribes differentiated capital allowance rates on the actual cost of machinery or plant: higher and lower percentage rates for businesses carrying on activities listed in the Fifth Schedule depending on whether installation occurs before or after a specified cut-off, and a separate, lower pair of percentage rates for any other business, with the changes effective from the stated date. en-us Thu, 05 Dec 2024 16:44:37 +0530 Thu, 05 Dec 2024 16:44:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45922 The amendment to Section 33 substitutes the year reference and replaces the sub-clause governing machinery and plant installed after 31st March 1965. It prescribes differentiated capital allowance rates on the actual cost of machinery or plant: higher and lower percentage rates for businesses carrying on activities listed in the Fifth Schedule depending on whether installation occurs before or after a specified cut-off, and a separate, lower pair of percentage rates for any other business, with the changes effective from the stated date. Act-Rules F. Acts / Amendment Acts Thu, 05 Dec 2024 16:44:37 +0530 https://www.taxtmi.com/acts?id=45922