Unabsorbed depreciation can be carried forward for set-off up to:
A) 5 years
B) 8 years
C) 10 years
D) Any number of years
Correct Answer:
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Q1: Which among the following is not an
Q2: While computing the profit of a firm,
Q3: The deduction allowed in respect of payment
Q4: For the purpose of income tax, depreciation
Q5: Depreciation is not allowed on:
A)Computer
B)Furniture
C)Land
D)Machinery
Q7: The rate of depreciation applicable to intangible
Q8: The rate of depreciation applicable to furniture
Q9: The allowable depreciation on motor car is:
A)5%
B)25%
C)30%
D)40%
Q10: What is the additional rate depreciation on
Q11: The allowable rate of depreciation on computer
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