The additional depreciation on the factory building constructed during the P.Y. 2017-18 and put to use for manufacturing of garments on 1st Feb., 2018 having cost of ₹100 lakh shall be allowed in A.Y. 2018-19 at a rate o

CS Executive · Tax Laws and Practice · PYQS · June 2018
The additional depreciation on the factory building constructed during the P.Y. 2017-18 and put to use for manufacturing of garments on 1st Feb., 2018 having cost of ₹100 lakh shall be allowed in A.Y. 2018-19 at a rate of:
(A) 5%
(B) 10%
(C) 15%
(D) Nil

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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