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Direct Taxation
Plz tell me how to solve this ques??
Answers (3)
Himanshu Somani
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.
Yes. For calculating cost of asset interest should be capitalised for 7months right