Depreciation in plant and machinery in Power Sector - Sec.
32(1)(iia)
The existing provision is proposed to be amended, w.e.f 1st
April, 2013 to allow deduction of a further sum of 20% of actual
cost of any new machinery or plant(other than ships and aircraft)
acquired and installed after 31st march 2005 , as further
depreciation to an Assessee engaged in the business of generation
or generation and distribution of power.
Expenditure on Scientific Research -Sec.35(2AB)(5)
At present a deduction of 200% of the expenditure on scientific
research incurred by a Company engaged in the business of
bio-technology or in the business of manufacture or production is
allowed, provided the expenditure is incurred by 31st March 2012.
The last date will now be 31st March 2017.
