DAS Pvt. Ltd. fulfilling all the conditions as being specified in Section 3 5 AD of the Income-tax Act, 1961 has incurred capital expenditure of ₹ 30 lakh on purchase of land, ₹ 80 lakh (₹ 75 lakh by cheque and ₹ 5 lakh in cash) on the construction of the building and ₹ 10 lakh on the plant and machinery during the previous year 2020-21 for setting up and operating a warehouse for the storage of sugar. The warehouse became operational on 1st March 2021. The amount of deduction which the company can claim for such capital expenditure as per Section 3 5AD in AY 2021-22 shall be

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Question:DAS Pvt. Ltd. fulfilling all the conditions as being specified in Section 3 5 AD of the Income-tax Act, 1961 has incurred capital expenditure of ₹ 30 lakh on purchase of land, ₹ 80 lakh (₹ 75 lakh by cheque and ₹ 5 lakh in cash) on the construction of the building and ₹ 10 lakh on the plant and machinery during the previous year 2020-21 for setting up and operating a warehouse for the storage of sugar. The warehouse became operational on 1st March 2021. The amount of deduction which the company can claim for such capital expenditure as per Section 3 5AD in AY 2021-22 shall be

1.₹ 120 lakh

2.₹ 180 lakh

3. ₹ 85 lakh

4. ₹ 90 lakh

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  1. DAS Pvt. Ltd. fulfilling all the conditions as being specified in Section 3 5 AD of the Income-tax Act, 1961 has incurred capital expenditure of ₹ 30 lakh on purchase of land, ₹ 80 lakh (₹ 75 lakh by cheque and ₹ 5 lakh in cash) on the construction of the building and ₹ 10 lakh on the plant and machinery during the previous year 2020-21 for setting up and operating a warehouse for the storage of sugar. The warehouse became operational on 1st March 2021. The amount of deduction which the company can claim for such capital expenditure as per Section 3 5AD in AY 2021-22 shall be
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