1) Licensed tour operators were given the ACA on capital expenses incurred on the purchase of excursion buses. The ACA provided under the Income Tax (Accelerated Capital Allowance) (Excursion Bus) Rules 2021 can be claimed within a period of 2 years with an initial allowance of 20% and an annual allowance of 40%.
2) Budget 2022 has announced the extension of the accelerated capital allowance (ACA) claims on capital expenditure incurred for the purchase of excursion buses to YA 2024.
