Accelerated depreciation to be limited to maximum 40% from Apr 1, 2017

Announcing the measures to boost growth and employment generation Shri Arun Jaitley said that the accelerated depreciation provided under IT Act will be limited to maximum 40% from 1st April 2017.

The benefit of deductions for research would be limited to 150% from 1st April 2017 and 100% from 1st April 2020.

The benefit of Section 10-AA to new SEZ units will be available to those units which commence activity before 31st March 2020. The weighted deduction U/s.35-CCD for skill development will continue up to 1st April 2020, Shri Jaitley said.

Source : Equity Bulls

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