A company engaged in manufacturing of steel balls acquired computers at a cost of ₹ 3 lakh on 10th July, 2019. The depreciation allowance for the A.Y. 2020-21 under Income-tax Act, 1961 would be:
A. ₹ 1,80,000
B. ₹ 1,20,000
C. ₹ 3,00,000
D. ₹ 45,000
Answer:B
A company engaged in manufacturing of steel balls acquired computers at a cost of ₹ 3 lakh on 10th July, 2019. The depreciation allowance for the A.Y. 2020-21 under Income-tax Act, 1961 would be:
A. ₹ 1,80,000 B. ₹ 1,20,000 C. ₹ 3,00,000 D. ₹ 45,000