Assets put to use in business for more than 180 days during the previous year consisting (i) Factory Building, (ii) Computers, (iii) Motor Vehicles used for Commercial Purposes and (iv) Intangible Assets shall be depreci

CS Executive · Tax Laws · PYQS · December 2019
Assets put to use in business for more than 180 days during the previous year consisting (i) Factory Building, (ii) Computers, (iii) Motor Vehicles used for Commercial Purposes and (iv) Intangible Assets shall be depreciated at the rate of __________ respectively.
(A) 5%, 15%, 30%, 25%
(B) 10%, 40%, 30%, 25%
(C) 10%, 15%, 25%, 25%
(D) 5%, 40%, 15%, 25%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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