Section 32AC Amendment Purchase and Installed in Same Year not necessary

EARLIER

NOW

Assets more than 25 cr must be purchased and installed in Same Year to Get  Investment Allowance Deduction

Assets more than 25 cr must be purchased in FY 2014-15,FY 2015-16.FY 2016-17

It may be installed later also till 31.3.2017

Still deduction will be available

If purchased but not installed then no Investment Allowance

Suppose Asset purchased for 100 Cr in FY 2015-16 but installed in FY 2016-17

Then NO Deduction  will be available as not installed in same year

Deduction Available in the Year Installed

Suppose Asset purchased for 100 Cr in FY 2015-16 but installed in FY 2016-17

Then 15% Deduction will be Available in FY 2016-17