A charitable trust acquired two air-conditioners for ₹ 1,40,000 on 10th June, 2020. It claimed the acquisition as application of income. The amount it can claim by way of depreciation for the said air-conditioners for the AY 2021-22 is –
A. ₹ 21,000
B. ₹ 1,40,000
C. ₹ 35,000
D. Nil
Answer:D
A charitable trust acquired two air-conditioners for ₹ 1,40,000 on 10th June, 2020. It claimed the acquisition as application of income. The amount it can claim by way of depreciation for the said air-conditioners for the AY 2021-22 is –
A. ₹ 21,000 B. ₹ 1,40,000 C. ₹ 35,000 D. Nil