Investment Allowance in Notified Backward Area - Section 32AD

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.... Bengal on or after 1st April 2015, it shall be eligible to claim additional deduction under section 32AD if it fulfills the conditions specified in the said section 32AD. Conditions for claiming deduction under section 32AD * This deduction shall be available over and above the existing deduction available u/s 32AC of the Act which is allowed only to company assessee. * It acquires and inst....

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....stalled after March 31, 2015 but before April 1, 2020. Both acquisition and installation of the new asset are required to be made after March 31, 2015 but before April 1, 2020. Quantum of Investment Allowance If the above conditions are satisfied, investment allowance will be 15% of actual cost of "new asset". It will be available in the year in which the new asset is installed. Withdrawal of I....

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....rganisation (i.e., conversion of firm /sole proprietary concern in to company or conversion of a private company /unlisted public company in to LLP). In other words, if the undertaking of the assessee company is amalgamated or demerged or converted within 5 years from the date of installation of new assets investment allowance allowed to the amalgamating company or demerged or to the predecessor ....