Please choose the correct answer

2) Deduction allowable upto F.Y. 2010-11 = 2 cr / 20years

                                                                          = 10 lacs

 Opn bal.=1.6 cr-1cr(sold) = 60lacs/16years(remaining period)

                                              = 3.75 Lacs

1) Suppose Total Pension amount is Rs. 1,00,000/-

Now Pension earlier coomuted = Rs. 30,000/-

Total Exemption available u/s. 10(10A)(ii) = Rs. 50,000/-(50% of pension normally entitled to)

Rs. 30,000 was fully exempt.

Now he is left with only Rs. 20,000/- benifit of exemption unutilised.

Therefore 20% will be the correct Ans

Wait till the other experts comment

Regards..

3) Specified date means 30th Sep of the A.Y.

4) Additional Dep. is allowable for Eligible Plant & Machinery and not for building......

Thanks a lot Pritam Sir for your help, but can new buliding for the purpose of manufacture cant be considered as plant??

Also I am unable to understand the concept behind commuting only 20% the second time. I know that 1/2 of the total commuted pension is allowed as a deduction, but 20% ??

Originally posted by : Disha Bhawnani
	Thanks a lot Pritam Sir for your help, but can new buliding for the purpose of manufacture cant be considered as plant??

No. Additional dep is for new MACHINERY and not otherwise

Originally posted by : Disha Bhawnani
	Also I am unable to understand the concept behind commuting only 20% the second time. I know that 1/2 of the total commuted pension is allowed as a deduction, but 20% ??

Remaining exemption amount is Rs20,000 na thats y 20000/100000*100

I may really not sure about.

Please take others view too....