A company engaged in manufacturing of steel balls acquired computers at a cost of ₹3 lakh on 10th July, 2018. The depreciation allowance for the A.Y. 2019-20 under Income Tax, 1961 would be :

CS Executive · Tax Laws and Practice · PYQS · June 2019
A company engaged in manufacturing of steel balls acquired computers at a cost of ₹3 lakh on 10th July, 2018. The depreciation allowance for the A.Y. 2019-20 under Income Tax, 1961 would be :
(A) ₹1,80,000
(B) ₹1,20,000
(C) ₹3,00,000
(D) ₹45,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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