Budget Updates 2013-14: Income Tax Proposals

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.


The materials provided herein are solely for educational and informational purposes. No attorney/professional-client relationship is created when you access or use the site or the materials. The information presented on this site does not constitute legal or professional advice and should not be relied upon for such purposes or used as a substitute for professional or legal advice.

Leave a Reply

Your email address will not be published. Required fields are marked *