February 27, 2018

Section – 33AB : Tea development account, coffee development account and rubber development account

33AB. (1) Where an assessee carrying on business of growing and manufacturing tea or coffee or rubber in India has, before the expiry of six months from the end of […]
February 27, 2018

Section – 33A : Development allowance

33A. (1) In respect of planting of tea bushes on any land in India owned by an assessee who carries on business of growing and manufacturing tea in India, a […]
February 27, 2018

Section – 33 : Development rebate

33. (1)(a) In respect of a new ship or new machinery or plant (other than office appliances or road transport vehicles) which is owned by the assessee and is wholly […]
February 27, 2018

Section – 32AD : Investment in new plant or machinery in notified backward areas in certain States

32AD. (1) Where an assessee, sets up an undertaking or enterprise for manufacture or production of any article or thing, on or after the 1st day of April, 2015 in […]
February 27, 2018

Section – 32AC : Investment in new plant or machinery

32AC. (1)Where an assessee, being a company, engaged in the business of manufacture or production of any article or thing, acquires and installs new asset after the 31st day of […]
February 27, 2018

Section – 32AB : Investment deposit account

32AB. (1) Subject to the other provisions of this section, where an assessee, whose total income includes income chargeable to tax under the head “Profits and gains of business or […]
February 27, 2018

Section – 32A : Investment allowance

32A. (1) In respect of a ship or an aircraft or machinery or plant specified in sub-section (2), which is owned by the assessee and is wholly used for the […]
February 27, 2018

Section – 32 : Depreciation

32. (1) In respect of depreciation of— (i) buildings, machinery, plant or furniture, being tangible assets; (ii) know-how, patents, copyrights, trade marks, licences, franchises or any other business or commercial […]
February 27, 2018

Section – 31 : Repairs and insurance of machinery, plant and furniture

31. In respect of repairs and insurance of machinery, plant or furniture used for the purposes of the business or profession, the following deductions shall be allowed—  (i) the amount paid […]
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