New plant and machinery acquired and put to use by an assessee engaged in transmission of power is eligible for additional depreciation at ____ of actual cost.

Related MCQs

• Padmaja Power Co. (P) Ltd. is engaged in generation and distribution of electrical power. It avails deduction under section 80-IA. The gross receipts of the company is Rs. 89 lakhs. The last date for filing the return of income in order to be eligible to avail deduction under section 80-IA is ________________ . (Note: Assume there is no extension of time for filling the return of income)
• Ramesh Tea Ltd., acquired a motor car for Rs. 6,20,000 on 30.08.2018. The company is engaged in manufacture of tea in India. The amount of depreciation allowable on such motor car would be __________.
• When a capital asset was acquired on 01.04.1980 and sold in June, 2017, the cost of acquisition or the fair market value of the asset as on ------, at the option of the assessee is to be adopted for indexation purpose:
• When the assessee has loss from house property, the maximum amount of such loss eligible for set off against other permissible incomes would be
• In case of an assessee engaged in the business of manufacturing of tea, his agricultural income is:
• When copyright is acquired for Rs. 50 lakhs on 10-11-2016 and used from 01-12-2016, the amount of depreciation under Section 32 would be ____
• Tax is required to be deducted at ………… from rent payable on plant and machinery to a resident (Assuming PAN details are available)
• Cost of acquisition of capital asset being immovable property acquired through gift covered u/s 49(4) is:
• Casual income received by the assessee
• Deduction is not allowed to the assessee while computing income from other sources for