https://www.taxtmi.com/acts?id=46808 A new clause allows depreciation for new machinery or plant used in repairs to ocean-going vessels by Indian companies approved by the Central Government for assets installed after 31 March 1983 and before 1 April 1988, and the Explanation is amended to reference the new provision. Separately, machinery or plant notified by the Central Government as assisting pollution control or environmental protection, when installed after 31 May 1983 in specified industrial undertakings, is to receive an enhanced depreciation treatment, effective 1 June 1983. en-us Tue, 31 Dec 2024 17:03:38 +0530 Tue, 31 Dec 2024 17:03:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46808 A new clause allows depreciation for new machinery or plant used in repairs to ocean-going vessels by Indian companies approved by the Central Government for assets installed after 31 March 1983 and before 1 April 1988, and the Explanation is amended to reference the new provision. Separately, machinery or plant notified by the Central Government as assisting pollution control or environmental protection, when installed after 31 May 1983 in specified industrial undertakings, is to receive an enhanced depreciation treatment, effective 1 June 1983. Act-Rules F. Acts / Amendment Acts Tue, 31 Dec 2024 17:03:38 +0530 https://www.taxtmi.com/acts?id=46808