Sunil acquired a building for ₹ 15 lakh in June 2018 in addition to the cost of land beneath the building of ₹ 3 lakh. It was used for personal purposes until he commenced business in June 2020 and since then it was used for business purposes. The amount of depreciation eligible in his case for the AY 2021-22 would be

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Question:Sunil acquired a building for ₹ 15 lakh in June 2018 in addition to the cost of land beneath the building of ₹ 3 lakh. It was used for personal purposes until he commenced business in June 2020 and since then it was used for business purposes. The amount of depreciation eligible in his case for the AY 2021-22 would be

1. ₹ 1,50,000

2. ₹ 75,000

3.₹ 37,500

4. ₹ 1,21,500

Posted by R4R Team
  1. Sunil acquired a building for ₹ 15 lakh in June 2018 in addition to the cost of land beneath the building of ₹ 3 lakh. It was used for personal purposes until he commenced business in June 2020 and since then it was used for business purposes. The amount of depreciation eligible in his case for the AY 2021-22 would be
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