Vaibhav, deriving business income, owns a car whose WDV as on 1st April, 2019 was ₹ 3,00,000. This is the only asset in the block of assets with rate of 15%. It is estimated that one-third of the total usage of the car is for personal use in both years. The WDV of the block of assets as on 31st March, 2021 would be-
A. ₹ 2,16,750
B. ₹ 2,43,000
C. ₹ 2,55,000
D. None of the above
Answer:B
Vaibhav, deriving business income, owns a car whose WDV as on 1st April, 2019 was ₹ 3,00,000. This is the only asset in the block of assets with rate of 15%. It is estimated that one-third of the total usage of the car is for personal use in both years. The WDV of the block of assets as on 31st March, 2021 would be-
A. ₹ 2,16,750 B. ₹ 2,43,000 C. ₹ 2,55,000 D. None of the above