Does any person can claim deduction u/s 32AD and depreciation u/s 32(1)(iia) proviso ?
--Deduction u/s 32AD : backward area , new p&m in production @ 15%
--Proviso to sec 32(1)(iia) : backward area , new p&m in production @ (20 + 15)%
-20% of sec 32(1)(iia) & 15% of sec 32 AD
Section 32(iia) deals with additional depreciation with enhanced rate of 35% when unit is located in notified backward area.
Whereas section 32AD deals with investment linked deduction when investment is made in new plant and machinery above specified monetary limit.
You can claim deduction under both the section when you will satisfy the requirements stipulated under both the section.
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