Girdhari, a retail businessman, acquired furniture on 12th May, 2021 for ₹10,000 in cash and on 18th May, 2021, for ₹35,000 and ₹40,000 by a bearer cheque and account payee cheque, respectively. Depreciation allowable fo
CS Executive · Tax Laws · PYQS · December 2022
Girdhari, a retail businessman, acquired furniture on 12th May, 2021 for ₹10,000 in cash and on 18th May, 2021, for ₹35,000 and ₹40,000 by a bearer cheque and account payee cheque, respectively. Depreciation allowable for A.Y. 2022-23 would be:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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