SALE OF SCIENTIFIC RESEARCH ASSET
This query is : Resolved
Rahul Bansal
(Querist)
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 ?
Rahul Bansal
(Querist)
27 February 2010
NO ANSWER OR REPLY........
Rahul Bansal
(Querist)
27 February 2010
IS THIS QUESTION A DIFFICULT ONE........?
Rahul Bansal
(Querist)
27 February 2010
IF ANYONE ANSWER........LET ME KNOW IN MY PM AS WELL....
Rahul Bansal
(Querist)
04 March 2010
NO ONE KNOW THE SOLUTION OF THIS QUESTION
Rahul Bansal
(Querist)
04 April 2010
QUERY RESOLVED......I GOT ANSWER
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