Additional depreciation is allowed at half the rate, if the asset is used in the initial year for.................................

Related MCQs

• If a depreciable asset is acquired and used for less than 180 days in a financial year, depreciation allowed on it is..............
• The rate of depreciation on intangible asset is ......................
• Under Income Tax Act depreciation is allowed on ..................
• What is the time limit for holding of a Financial Asset, to be called Short Term Capital Asset?
• To be a long term capital asset, a non financial asset should be held more than................
• Rate of depreciation on non residential building is.......................
• Rate of depreciation on furniture is........................
• Rate of depreciation on residential building is.................
• As per Second additional condition, a resident will be an ordinarily resident if stay in India for at least ......................... days during the seven previous years preceding the relevant .
• Unabsorbed depreciation can be carried forward for set off.......................