The allowable depreciation on motor car is:
A) 5%
B) 25%
C) 30%
D) 40%
Correct Answer:
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Q4: For the purpose of income tax, depreciation
Q5: Depreciation is not allowed on:
A)Computer
B)Furniture
C)Land
D)Machinery
Q6: Unabsorbed depreciation can be carried forward for
Q7: The rate of depreciation applicable to intangible
Q8: The rate of depreciation applicable to furniture
Q10: What is the additional rate depreciation on
Q11: The allowable rate of depreciation on computer
Q12: Which among the following is not a
Q13: Under which section, a firm is eligible
Q14: Income from the sale of a house
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