Accelerated depreciation to alternate energy projects
Name of Incentive
Accelerated depreciation to alternate energy projects
Type of Incentive
Tax Incentive
Ministry
Agency
Sector
Power
Sub Sector
Product/Activity
Incentive Details
Description
23B. Accelerated depreciation to alternate energy projects.—
(1) Any plant, machinery and equipments installed for generation of alternate energy by an industrial undertaking set up anywhere in Pakistan and owned and managed by a company shall be allowed first year allowance in lieu of initial allowance under
section 23, at the rate specified in Part II of the Third Schedule against the cost of the eligible depreciation assets put to use after first day of July, 2009
