SALE OF SCIENTIFIC RESEARCH ASSET
This query is : Resolved
08 October 2009
QUESTION
SECTION 41 ( 3 )
SALE OF SCIENTIFIC RESEARCH ASSET
X Ltd. purchases a scientific research asset on March 1, 2005 for Rs. 610000. If the research activity for which the machine is bought into business on November, 2006 ( market value = Rs. 230000 ) ; depreciation admissible @ 15%, what will be the amount of depreciation for the A/Y 2008-09 & amount chargeable to tax u/h PGBP if the asset is sold on April 6, 2007 for Rs. 190000 ?
SECTION 41 ( 3 )
SALE OF SCIENTIFIC RESEARCH ASSET
X Ltd. purchases a scientific research asset on March 1, 2005 for Rs. 610000. If the research activity for which the machine is bought into business on November, 2006 ( market value = Rs. 230000 ) ; depreciation admissible @ 15%, what will be the amount of depreciation for the A/Y 2008-09 & amount chargeable to tax u/h PGBP if the asset is sold on April 6, 2007 for Rs. 190000 ?
27 February 2010
NO ANSWER OR REPLY........
27 February 2010
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27 February 2010
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04 March 2010
NO ONE KNOW THE SOLUTION OF THIS QUESTION
04 April 2010
QUERY RESOLVED......I GOT ANSWER
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