Chola Ltd., engaged in manufacture acquired machineries for ₹ 27 Crore in April, 2020 All the machines were used within 45 days of acquisition. The deduction under Section 32AD for the AY 2021-22 will be if the unit is set up in the notified backwards area of Bihar.
A. ₹ 4,05,00,000
B. ₹ 4,50,00,000
C. ₹ 8,55,00,000
D. ₹ 8,40,00,000
Answer:A
Chola Ltd., engaged in manufacture acquired machineries for ₹ 27 Crore in April, 2020 All the machines were used within 45 days of acquisition. The deduction under Section 32AD for the AY 2021-22 will be if the unit is set up in the notified backwards area of Bihar.
A. ₹ 4,05,00,000 B. ₹ 4,50,00,000 C. ₹ 8,55,00,000 D. ₹ 8,40,00,000