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SALE OF SCIENTIFIC RESEARCH ASSET

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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 ?
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Rahul Bansal

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Rahul Bansal (Querist)
27 February 2010 NO ANSWER OR REPLY........
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Rahul Bansal

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Rahul Bansal (Querist)
27 February 2010 IS THIS QUESTION A DIFFICULT ONE........?
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Rahul Bansal

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Rahul Bansal (Querist)
27 February 2010 IF ANYONE ANSWER........LET ME KNOW IN MY PM AS WELL....
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Rahul Bansal

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Rahul Bansal (Querist)
04 March 2010 NO ONE KNOW THE SOLUTION OF THIS QUESTION
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Rahul Bansal

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Rahul Bansal (Querist)
04 April 2010 QUERY RESOLVED......I GOT ANSWER
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