3 Replies
Sumit Chakraborty
(20 Points)
Replied 03 September 2017
Investment Allowance (Not a Depreciation)
15% allowance allowed for both Section.
Applicability
Sec 32AC any Place + Purchase ₹25cr Asset
Sec 32AD applicable for Andhra Pradesh Bihar Telengana and Bengal Only.
#Purchase and Install New Plant & Machinery
#Both can be availed Simultaneously.
# Sec 32Ac only Company
# Sec 32AD Any Assesse
15% allowance allowed for both Section.
Applicability
Sec 32AC any Place + Purchase ₹25cr Asset
Sec 32AD applicable for Andhra Pradesh Bihar Telengana and Bengal Only.
#Purchase and Install New Plant & Machinery
#Both can be availed Simultaneously.
# Sec 32Ac only Company
# Sec 32AD Any Assesse
ramesh puri
(2 Points)
Replied 18 September 2017
if asset is used for less than 180 days then 50% of 15% is allowed or actual 15%??
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