Accelerated depreciation tax benefit

Country / jurisdiction: India · Year: 2014 · Status: In force · Level: National · Type: Voluntary

The accelerated depreciation tax benefit for renewable energy plant developers was re-established on 30th of March 2014 after a two year long gap. The accelerated depreciation benefit was fixed on 80% level until 31st of March 2017. As of 1st of April 2017 the accelerated depreciation tax was lowered to 40% under the Union Budget 2016-2017.

Renewable technologies eligible to benefit from the benefit:

Flat plate solar collectors;

Concentrating and pipe type solar collectors;

Solar power generating systems;

Wind mills and any specially designed devices which run on wind mills;

Biogas plant and biogasengines;

Electrically operated vehicles including battery powered or fuel-cell powered vehicles;

Agricultural and municipal waste conversion devices producing energy;

Official source: http://indiabudget.nic.in/ub2014-15/bs/bs.pdf