Mr. X acquired a building of ₹ 15 lakh in June, 2018 in addition to the cost of ₹ 3 lakh in respect of the land on which the building is situated. 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 A.Y. 2021-22 would be:
A. ₹ 1,21,500
B. ₹ 1,50,000
C. ₹ 1,45,800
D. ₹ 1,80,000
Answer:A
Mr. X acquired a building of ₹ 15 lakh in June, 2018 in addition to the cost of ₹ 3 lakh in respect of the land on which the building is situated. 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 A.Y. 2021-22 would be:
A. ₹ 1,21,500 B. ₹ 1,50,000 C. ₹ 1,45,800 D. ₹ 1,80,000