Vikram Mfg Co Ltd located in a backward area in the State of Andhra Pradesh acquired some machinery for ₹ 20 lakhs on 10-08-2016. It was put to use from 01-09-2016. The applicable rate of depreciation is 15%. How much wo
CS Executive · Tax Laws and Practice · PYQS · December 2017
Vikram Mfg Co Ltd located in a backward area in the State of Andhra Pradesh acquired some machinery for ₹ 20 lakhs on 10-08-2016. It was put to use from 01-09-2016. The applicable rate of depreciation is 15%. How much would be the eligible additional depreciation for the assessment year 2017-18 in respect of the said machinery?
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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