Investment allowance
This query is : Resolved
bhonagiri prashanth
(Querist)
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
CA PARAS BAFNA
(Expert)
19 April 2015
As per the provisions of Section 32AC(1), you can claim deduction of 16.5 in AY 2015-16.
.
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).
.
.
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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