Q430
If an asset is used for scientific research related to the business of assessee, is used in business for sometime and then sold, the selling price is deducted from the WDV of the block of asset. This will reduce
A.
profit for that year
B.
loss for that year
C.
tax liability for that year
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
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