The WDV of a block of asset of plant & machinery subject to depreciation @ 15% as on 1.4.2019 was of ₹27,50,000. One machine out of this block, was sold on 01.07.2019 for ₹4,50,000 and a new machine of the value of ₹
CS Executive · Tax Laws · PYQS · December 2020
The WDV of a block of asset of plant & machinery subject to depreciation @ 15% as on 1.4.2019 was of ₹27,50,000. One machine out of this block, was sold on 01.07.2019 for ₹4,50,000 and a new machine of the value of ₹17,50,000 purchased on 1.8.2019 was put to use from 01-03-2020. The amount of depreciation to be claimed on the block of plant & machinery in the computation of income for A.Y. 2020-21 shall be:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income from Business or Profession
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