The Union Budget has provided for additional investment allowance at 15 per cent and additional depreciation at 15 per cent to new manufacturing units set-up during the period from April 1, 2015 to March 31, 2020 in notified areas of Andhra Pradesh and Telangana.
This provision has been made with a view to giving effect to the provisions of section 94 of the Andhra Pradesh Reorganisation Act, 2014.