Rate of depreciation chargeable on temporary wooden structure for the assessment year 2014-15 is —

CS Executive · Tax Laws and Practice · PYQS · December 2014
Rate of depreciation chargeable on temporary wooden structure for the assessment year 2014-15 is —
(A) 25%
(B) 10%
(C) 100%
(D) 50%.

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) 100%. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

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