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Income from PGBP

Direct Taxation

Plz tell me how to solve this ques??

Riya Goel

CA Inter

★ 4K+

05-Jun-21 16:45

303

Answers (3)

Depreciation will be 15% on 75lacs + 7.5% on 10lacs (asset put to use for less than 180 days) Also assuming assessee is not engaged in the business of manufacturing production so no additional depreciation will be considered.

Himanshu Somani

CA Final

★ 77K+

05-Jun-21 17:42

Himanshu Somani

Yes. For calculating cost of asset interest should be capitalised for 7months right

bsai partish

CA Inter

★ 2K+

05-Jun-21 18:50

Himanshu Somani

Ok Thank u

Thread Starter

Riya Goel

CA Inter

★ 4K+

05-Jun-21 20:11

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