The WDV of the block of asset of plant & machinery depreciated @ 15% as on 1st April, 2019 was of ₹ 13,50,000. Out of this block, one machine was sold on 1st July, 2019 for ₹ 4,50,000 and a new machine of ₹ 7,50,000 was purchased on 1st August, 2019 which could be put to use from 1st March, 2020. The amount of depreciation to be claimed on the block of plant & machinery in the computation of income for A.Y. 2020-21 shall be:
A. ₹1,35,000
B. ₹ 2,47,500
C. ₹ 1,91,250
D. ₹ 2,53,125
Answer:C
The WDV of the block of asset of plant & machinery depreciated @ 15% as on 1st April, 2019 was of ₹ 13,50,000. Out of this block, one machine was sold on 1st July, 2019 for ₹ 4,50,000 and a new machine of ₹ 7,50,000 was purchased on 1st August, 2019 which could be put to use from 1st March, 2020. The amount of depreciation to be claimed on the block of plant & machinery in the computation of income for A.Y. 2020-21 shall be:
A. ₹1,35,000 B. ₹ 2,47,500 C. ₹ 1,91,250 D. ₹ 2,53,125