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Criteria for approving automation equipment

Income Tax (PIC Automation Equipment) Rules 2012

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—(1) For the purpose of section 19A(17) of the Act, the Minister or the person appointed by him may approve any automation equipment as a PIC automation equipment for a person (referred to in this paragraph as the applicant) if the Minister or appointed person is satisfied that —(a)the automation equipment is or is intended to be put into use in one or more of the work processes of the trade, profession or business of the applicant; and (b)the automation equipment enhances or will enhance the productivity of the applicant in carrying on or exercising the trade, profession or business.(c)[Deleted by S 478/2015 wef Y/A 2013 and sub Ys/A](2) An application for approval shall —(a)be made to the Minister or appointed person before the expiration of the time the applicant has to furnish a return of his income for the year of assessment in question, or within such time as may be allowed by the Minister or appointed person in a particular case; and(b)be accompanied by such information and supporting documents in such form and manner as the Minister or appointed person may specify.

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