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IWTMA - On removal of Accelerated Depreciation
April 2012
The notification of the Income Tax Department, Ministry of Finance, Government of India withdrawing Accelerated Depreciation (AD) with effect from 1 April 2012 is considered a major setback. The industry considers it, incorrect timing of withdrawal and could have coincided with introduction of Direct Tax Code (DTC).
Ramesh Kymal, Gamesa India, Indian Wind Turbine Manufacturers Association, Direct Tax Code, Wind Power Generation, National Action Plan On Climate Change, Renewable Energy, Generation Based Incentives, MNRE


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