Madhu Ltd. owns machinery (rate of depreciation is 15%), the written down value of which as on 1 st April, 2015 is ₹30,00,000. Due to fire, entire assets in the block were destroyed and the insurer paid ₹25,00,000. The e
CS Executive · Tax Laws and Practice · PYQS · June 2016
Madhu Ltd. owns machinery (rate of depreciation is 15%), the written down value of which as on 1 st April, 2015 is ₹30,00,000. Due to fire, entire assets in the block were destroyed and the insurer paid ₹25,00,000. The eligible depreciation in respect of this machinery is —
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax
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