Country:India
Year:2014 (last amended 2017)
Policy status:In Force
Jurisdiction:National
Date Effective:2014 (last amended 2017)
Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Wind
Policy Sector:Electricity
URL:http://indiabudget.nic.in/ub2014-15/bs/bs.pdf
Description:

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;

Last modified: Thu, 12 Apr 2018 10:32:13 CEST