· Section 32 of IT act provides Accelerated Depreciation of 40 % + 40 % + 20 % of the invested capital to professionals companies with tax liability Lobel Investors can set off their tax liability on the taxable income to the tune of 40% in the 1st year, 40% 2nd year and subsequently 20% in the 2nd year · Section 80-IA (sub section 4) of income tax Act, 1961 allows 100% tax waiver on the income generated for any single 10 year period during first 15 years of operational life of a power generation project. This is valid for projects commissioned till 31st March 2014 · Generation based incentives given by the government - Renewable Energy Certificates (REC) allows investors to gain a yield in the form of incentive currently being traded at average price of Rs 3.5 per unit of electricity generated by the solar power plant · Third Party PPAs with reputed business houses and large industrial groups (which will be organized by S
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