Direct Tax dep.
ANKIT KUMAR (60 Points)
19 June 2022Three of the old machines were sold on June 10, 2016 for Rs. 9,00,000. Required :
a. Compute the claim to depreciation for assessment year 2017-18 and
b. Capital gains liable to tax for the same assessment year.
c. If K industries had sold the three machines in June, 2016 for Rs. 14,00,000, will there be any difference in your working ? Explain.
Ans: 22,688; no capital gain; 1,97,500.
please tell that how 22688 comes.