Investment Allowance - Section 32AC [ upto 31.03.2026 ]

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....t from normal depreciation, Investment Allowance is also available on new machinery installed during 2013-14(FY/PY) and 2014-15. Eligible Assessee: • Deduction is available only to a Company (Indian as well Foreign) and • Company must be engaged in the business or manufacture or production of any article or thing. Conditions to be satisfied: Section 32AC(1) i.e. ....

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....ailable in PY 31-03-2015 as well as in PY 31-03-2016. Amount of Deduction: Section 32AC(1) For AY 2014-15 15% of the actual cost of new plant & machinery acquired and installed during previous year 2013-14, if actual cost exceeds 100 crores. For AY 2015-16 15% of the actual cost of new plant & machinery acquired and installed during previous year 2013-14 and 2014-15, if actu....

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....from the date of installation. • If new plant & machinery on which investment allowance deduction has been availed, has been sold or transferred within 5 years from the date of installation, then deduction allowed under section 32AC shall be deemed to be the income under the head PGBP of the year in which plant & machinery is sold. This shall however not apply if plant and machinery i....

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....f depreciation or otherwise) in computing the income chargeable under the head "Profits and gains of business or profession" of any previous year. Points to be Noted: • This deduction is in addition to the depreciation and additional depreciation. • Deduction u/s 32AC shall not be reduced from the WDV of block of asset. • To claim deduction u/s 32AC, there....