Rate at which depreciation shall be allowed in case of Ocean-going ships including dredgers, lugs, barges, survey launches and other similar ships used mainly for dredging purposes and fishing vessels with wooden hull as
CS Executive · Tax Laws and Practice · PYQS · December 2020
Rate at which depreciation shall be allowed in case of Ocean-going ships including dredgers, lugs, barges, survey launches and other similar ships used mainly for dredging purposes and fishing vessels with wooden hull as per Rule-5 under the Income Tax for Asst. Year 2020-21 is ______.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Profits and Gains of Business or Profession
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