alleryStart learning →Previously used machinery in a 115BAB company is tolerated up to what share of total value?
A10 per cent
B20 per cent
C25 per cent
D50 per cent
Answer & Solution
Correct answer: B. 20 per cent
Explanation 2 deems the condition met if used plant does not exceed twenty per cent of the total value of machinery.
Keep practising Special Tax Regimes for Companies
Browse all Special Tax Regimes for Companies questions for CA Final, or explore more Taxation topics.
Related questions
What do tax havens do, in the context of tax avoidance?Bilateral double taxation treaties aim to avoid what outcome?A General Anti-Avoidance Rule is aimed at which behaviour?Tax avoidance differs from tax evasion in that avoidance is what?Which companies can opt for section 115BAA?From which assessment year does section 115BAA apply?Under 115BAA, how is loss from barred deductions treated later?What depreciation can a 115BAA company not claim under section 32?