Green Ltd is located in a notified backward area in the State of Bihar. It is engaged in manufacturing activity. It acquired second-hand plant and machinery by import from Japan for ₹100 lakhs on 01.05.2020. It also acqu
CS Executive · Tax Laws · PYQS · June 2021
Green Ltd is located in a notified backward area in the State of Bihar. It is engaged in manufacturing activity. It acquired second-hand plant and machinery by import from Japan for ₹100 lakhs on 01.05.2020. It also acquired new machinery from Chennai for ₹50 lakhs on 10.11.2020 Compute eligible deduction under section 32AD in respect of the said plant and machineries acquired for the assessment year 2021-22.
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax
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