Under the Income Tax Act, 1961, depreciation on machinery is charged o – McqOptions

MCQOPTIONS

1.	Under the Income Tax Act, 1961, depreciation on machinery is charged on_______________.
A.	Purchase price of the machinery
B.	Written down value of the machinery
C.	Market price of the machinery
D.	All of the above
Answer» C. Market price of the machinery

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