The WDV of a block of asset depreciated @ 15% as on 1st April, 2017 was of ₹3,00,000. Out of this block, one machine was sold for ₹2,00,000 on 1st July, 2017 and a new machine of ₹6,00,000 added on 1st August, 2017 was p
CS Executive · Tax Laws and Practice · PYQS · June 2018
The WDV of a block of asset depreciated @ 15% as on 1st April, 2017 was of ₹3,00,000. Out of this block, one machine was sold for ₹2,00,000 on 1st July, 2017 and a new machine of ₹6,00,000 added on 1st August, 2017 was put to use only from 1st Sept., 2017. The amount of depreciation to be claimed (in the manner most beneficial to the assessee) in the A.Y. 2018-19 shall be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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