State the rate of deduction allowable under the Income-tax Act, 1961 while assessing income from business or profession in the following cases: (iv) Capital expenditure (other than on acquisition of land, goodwill or fin
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2015
State the rate of deduction allowable under the Income-tax Act, 1961 while assessing income from business or profession in the following cases: (iv) Capital expenditure (other than on acquisition of land, goodwill or financial instrument) incurred for setting-up and operating cold chain facility.
Answer & Explanation:
150% of the capital expenditure.
Topics: Income Tax
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