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Kumar Industries is engaged in manufacture of leather products. It was set up in backward area and became eligible for subsidy @ 25% for the generator acquired by it for ?12 lakhs on 15.12.2016. It received the subsidy in March 2017. The amount of depreciation for the year at the applicable rate would be

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The syllabus (and study weightage):
A. Advanced Direct Tax Laws 50%
B. International Taxation 30%
C. Case Study Analysis 20%


Kumar Industries is engaged in manufacture of leather products. It was set up in backward area and became eligible for subsidy @ 25% for the generator acquired by it for ?12 lakhs on 15.12.2016. It received the subsidy in March 2017. The amount of depreciation for the year at the applicable rate would be






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