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Income-tax (Fourth Amendment Rules, 2012 Depreciation restricted to 15% on wind mills installed after 31-3-2012
March, 31st 2012

Income-tax (Fourth Amendment Rules, 2012 Depreciation restricted to 15% on wind mills installed after 31-3-2012

Notification No. 15/2012 [F.No.149/21/2010-SO(TPL)] S.O.694(E), dated 30-3-2012


In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-


1. (1) These rules may be called the Income-tax ( 4th Amendment) Rules, 2012.

(2) They shall come into force on the 1st day of April, 2012.

2. In the Income-tax Rules, 1962, in the Table, in the New Appendix I, in Part-A relating to Tangible Assets, under the heading III. Machinery and Plant, in item (8), in sub-item (xiii), -

(a)        In clause (l), after the words, which run on wind mills, the words, figures and letters, installed on or before 31st day of March, 2012, shall be inserted ; and

(b)        In clause (m), after the words, running on wind energy, the words figures and letters, installed on or before 31st day of March, 2012, shall be inserted.



 ( J. Saravanan )

Under Secretary (TPL-III)


Note.-  The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(ii), vide Notification number S.O.969(E), dated the 26th March, 1962 and last amended by Income-tax ( 3rd Amendment) Rules, 2012, vide Notification S.O. No. 626(E) dated the 28th March, 2012.



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