The Union Budget 2014-15 Announced

The Union Budget 2014-15 announced to provide investment allowance at __ for 3 years to the manufacturing company which invests more than Rs 25 Crore in Plant and Machinery.

  1. 5%
  2. 10%
  3. 15%
  4. 20%
  5. 25%
Desire Adnan Default Asked on 5th August 2015 in Economics.
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    The Union Budget 201-15 proposed to provide an investment allowance at the rate of 15 percent to a manufacturing company that invests more than Rs.25 crore in any year in new plant and machinery. This benefit will be available for investments up to 31.03.2017. The scheme announced in 2013, to provide investment allowance to manufacturing companies investing more than Rs.100 crore in plant and machinery will continue till March 2015

    Monis Rasool Professor Answered on 6th August 2015.
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