Investment allowance @15 % allowed as deduction for new investment in Plant & Machinery over Rs. 100 Crores in addition to depreciation.
In case of First Home Loan upto Rs. 25 Lacs additional deduction upto Rs. 1 lac in Interest is allowed.
Investment allowance @15 % allowed as deduction for new investment in Plant & Machinery over Rs. 100 Crores in addition to depreciation.
In case of First Home Loan upto Rs. 25 Lacs additional deduction upto Rs. 1 lac in Interest is allowed.
Ashish Ahuja is a Senior Partner of Ahuja & Ahuja Chartered Accountants