AB Ltd has a building purchased on 12.03.2009 and that building was used for the company's business. The WDV of the building was ₹45,250 (Depreciation rate 10%) and sold for ₹1,10,000. Calculate the Capital Gain in this
CS Executive · Tax Laws · PYQS · December 2023
AB Ltd has a building purchased on 12.03.2009 and that building was used for the company's business. The WDV of the building was ₹45,250 (Depreciation rate 10%) and sold for ₹1,10,000. Calculate the Capital Gain in this case? (The building is the only assets in the block):
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax Act, 1961
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