Skip to main content

Tax Laws and Practice – Investment Allowance (Section 32AC)

CS Executive classes online : Tax Laws and Practice – Investment Allowance (Section 32AC)


Investment Allowance (Section 32AC)
Section 32AC allows a deduction for investment in new plant and machinery. This deduction is allowed in addition to the depreciation and additional depreciation.
It’s an incentive for acquisition and installation of new plant and machinery by a manufacturing company.  This is an incentive which was introduced in the Income Tax Act, 1961 to promote the investment in new and high-value plant and machinery by the manufacturing companies. The acquisition and installation were to be done starting from 1st April 2013 and up to 31st March 2015. The Section was amended to provide the deduction in the FY 2016-17 also.
The deduction is an investment-linked deduction i.e. the deduction is allowed as a percentage to the investment amount.
The proper explanation on the Investment allowance is available for CS  PREPARATION in CS Executive online classes
For a free demo and videos Tax Laws and Practice click on free download CS Executive video lectures .
Takshila learning offers CS Executive course for CS Preparation with the best of everything assembled together to deliver best results. Our courses are comprised of HD quality recorded video lectures, MCQ series, modules, and books by experienced faculties.  We are also serving online classes for School, Professional, and Skill Development courses. For details visit our website www.takshilalearning.com

For a Free Demo call @ +91-88009-99280

Comments

Post a Comment

Thank you we will contact ASAP.

Popular posts from this blog

Lessons-Worksheets-Question Papers-CBSE Class 2 English

Lessons-Worksheets-Question Papers-CBSE Class 2 English CBSE 2nd Class English – One and Many  In this blog, we share the spelling rules used in the concept of  One  and Many. When there is only one of a naming word (noun), it is said to be a  singular noun . When a noun shows more than one, it is said to be in the  plural . We can add  –S, -es, -ves or ies  to show that there is more than one noun.  For example,  we say many birds, four biscuits, six brushes. But for the students of  Class 2 , it’s very difficult and confusing to understand where to use  s , es, ves or ies  in the form of many. Don’t worry, it looks difficult, but it is very easy as in grammar each concept has a set of rules that need to practice. Noun ending with  –s, -x, -o, -sh, -ch, and –ss  form plurals by taking  –es. Look at these pairs of words: Bus – Buses Brush – Brushes Continue ..... Click here ...
Post a Comment
Read more

Class 3 English Practice Grammar Worksheet -The Adverb

 Class 3 English Practice Grammar Worksheet -The Adverb Class 3 English – The Adverb – Kinds of Adverb Fill in the blanks with suitable Adverbs of place. Choose from the box.  Up               outside                       everywhere                 back                down      away          here                           there                     ...
Post a Comment
Read more

CBSE class 10th online coaching

CBSE  class  10: Takshila Learning provides world best  quality of e-learning material for CBSE Board.  we've got  adopted  trendy  techniques  to show  our students through  on-line   moreover  as offline. We  square measure  providing all courses CBSE  category  10: Click Here For Demo Class....
Post a Comment
Read more