https://www.taxtmi.com/acts?id=50837 Amendment inserts an investment allowance in section 32 permitting an assessee in ship/aircraft operations, specified manufacturing or power businesses, or qualifying small-scale undertakings to claim an additional deduction equal to twenty per cent of the actual cost of specified new ships, aircraft, machinery or plant in the year of acquisition or installation, subject to exclusions (office/residential installations and assets eligible for development rebate), an opt-out declaration mechanism, and detailed definitions for "new" assets and small-scale status. en-us Wed, 16 Apr 2025 14:16:37 +0530 Wed, 16 Apr 2025 14:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50837 Amendment inserts an investment allowance in section 32 permitting an assessee in ship/aircraft operations, specified manufacturing or power businesses, or qualifying small-scale undertakings to claim an additional deduction equal to twenty per cent of the actual cost of specified new ships, aircraft, machinery or plant in the year of acquisition or installation, subject to exclusions (office/residential installations and assets eligible for development rebate), an opt-out declaration mechanism, and detailed definitions for "new" assets and small-scale status. Act-Rules F. Acts / Amendment Acts Wed, 16 Apr 2025 14:16:37 +0530 https://www.taxtmi.com/acts?id=50837