Taxation · Profits and Gains of Business or Profession
An industrial undertaking acquired and installed a new machinery costing Rs. 60,00,000 on 3rd October, 2018. The assessee fulfilled all conditions specified in Section 32(1)(iia) of the Income Tax Act, 1961. What will be the additional depreciation allowed for the Assessment Year 2019-20?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 12,00,000
- 2Rs. 4,50,000✓
- 3Rs. 9,00,000
- 4Rs. 6,00,000
Correct answer
Rs. 4,50,000
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