Ranga & Co had as on 01-04-2016 plant and machinery whose written down value was ₹ 12,00,000. It acquired 2 plants on 03-11-2016 for ₹ 6 lakhs. The applicable depreciation rate is 15%. The eligible depreciation for t
CS Executive · Tax Laws and Practice · PYQS · December 2017
Ranga & Co had as on 01-04-2016 plant and machinery whose written down value was ₹ 12,00,000. It acquired 2 plants on 03-11-2016 for ₹ 6 lakhs. The applicable depreciation rate is 15%. The eligible depreciation for the asst. year 2017-18 would be:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax
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