Vikram Mfg. Co. Ltd. located in a backward area in the State of Andhra Pradesh acquired some machinery for ₹ 20 lakh on 10.8.2020. It was put to use from 1.9.2020. The applicable rate of depreciation is 15%. How much would be the eligible additional depreciation for the assessment year 2021-22 in respect of the said machinery?

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Question:Vikram Mfg. Co. Ltd. located in a backward area in the State of Andhra Pradesh acquired some machinery for ₹ 20 lakh on 10.8.2020. It was put to use from 1.9.2020. The applicable rate of depreciation is 15%. How much would be the eligible additional depreciation for the assessment year 2021-22 in respect of the said machinery?

1.₹ 3,00,000

2.₹ 4,00,000 (20% only)

3.₹ 7,00,000

4. ₹ 20,00,000

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  1. Vikram Mfg. Co. Ltd. located in a backward area in the State of Andhra Pradesh acquired some machinery for ₹ 20 lakh on 10.8.2020. It was put to use from 1.9.2020. The applicable rate of depreciation is 15%. How much would be the eligible additional depreciation for the assessment year 2021-22 in respect of the said machinery?
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