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.
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Author: Ashish Ahuja
https://www.ahujaandahuja.inAshish Ahuja is a Senior Partner of Ahuja & Ahuja Chartered Accountants