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Income tax pgbp
Vaibhav, deriving business income, owns a car whose WDV as on 1st April 2018 was INR 3,00,000. This is the only asset in the block of assets with rate of 15%. It is estimated that one-third of the total usage of the car is for personal use in both years. The WDV of the block of assets as on 31st march 2019 would be-
Replies (2)
query not mentioned
it wud be 170000
(300000-100000)*0.85
(300000-100000)*0.85
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