32ac (1a) section
This query is : Resolved
17 March 2016
The eligiblity for claiming investment allowance under 32ac (1a) is to acquire and installed plant & machinery exceeding 25 crore in such previous finacial year...
somewhere any frnd of mine said limit is not restrictd to only SUCH YEAR ..its ANY PREVIOUS YEAR aggreating the amount from 2015-16 to 2016-17
please clear the whole provision
17 March 2016
No...., Deduction u/s 32AC(1A) is allowable only when value of asset acquired during the year is 25 Cr or more. No aggregation can be done for 2 years.
Aggregation was allowed for deduction u/s 32AC(1) but there is no such provision for deduction u/s 32AC(1A)
Aggregation was allowed for deduction u/s 32AC(1) but there is no such provision for deduction u/s 32AC(1A)
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
