Investment allowance
This query is : Resolved
19 April 2015
pls tell me if whether both 32Ac(1)and 32AC (1A) both if for example if it invests 70 crores in 2013_14 and 40 crores in 2014_15 how much is the deduction I am thinking 110*15% 16.5 and 40*15% 6 deduction I think to claim please explain.me about the provision
19 April 2015
As per the provisions of Section 32AC(1), you can claim deduction of 16.5 in AY 2015-16.
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As per the proviso to Section 32AC(1A), you are not eligible to claim deduction under this sub-section because you are eligible to claim deduction under sub-section (1).
.
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As per the proviso to Section 32AC(1A), you are not eligible to claim deduction under this sub-section because you are eligible to claim deduction under sub-section (1).
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