Question
A company purchases machinery worth ₹10 lakh and puts
it to use on 1st December. What will be the depreciation rate and amount for the year under the Income Tax Act?Solution
If asset is used for <180 days, then half rate of depreciation is allowed. Hence, 15% × ½ × ₹10L = ₹0.75 lakh.
Auguste comte is associated with which of the following?
Who appoints the members of the State Legal Services Authorities?
Which of the following property is not liable to attachment and sale in an execution of a decree?
In which of the following case, presumption of contract to the contrary under section 230 of The Indian Contract Act, 1872, shall not be presumed?
Which section of the Insurance Act delas with the provision of alterations in the particulars furnished with application for registration to be reported?
Presumption as to dowry death is laid down in ……….. of Indian Evidence Act
Which of the following is an exception to the principle of confidentiality?
After dissolution of the firm, goodwill of the firm __.
What is the enactment date of PFRDA Act?
If A gives a house on lease to B and it catches fire and gets destroyed completely while B is in possession, in such a case__________.
