Block of asset is required to be increased by an amount which is actual cost of the asset being covered u/s 35AD that amount is:

Related MCQs

• Loss from specified business covered u/s 35AD can be adjusted against the income of
• Cost of acquisition of capital asset being immovable property acquired through gift covered u/s 49(4) is:
• Deduction u/s 35AD is available in respect of expenditure on specified business, one of them is:
• Deduction u/s 35AD is available in respect of expenditure on specified business provided such business commenced its operation on or after 01-04-2009 subject to an exception that:
• 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:
• 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.
• Income of REIF being a business trust by way of renting or leasing of an asset is exempt if:
• Cost of acquisition of self-generated asset is nil, the exception is:
• Where a partner of a firm transfers any capital asset to the firm by way of capital contribution, for the purpose of computing capital gain in the hands of the partner, the amount of deemed consideration is
• When Mr. Avinash earned long-term capital gain of Rs. 1,80,000 on sale of listed shares, his total income being Rs. 10 lakhs, the amount of income-tax (including cess) on the said long-term capital gain would be _________ .