(a) SS Trades provided the following details of its fixed assets under block B and C. Particulars Block 'B' (Rs.) Block 'C' (Rs.)Opening WDV400,000900,000New addition of assets during the yearon…

(a) SS Trades provided the following details of its fixed assets under block B and C. Particulars****Block 'B' (Rs.)Block 'C' (Rs.)Opening WDV400,000900,000New addition of assets during the yearon 1^st Ashwin150,0000on 1^st Falgun300,000300,000on 21^st Baishakh0600,000Assets disposed off during the year50,000100,000Repair and improvement cost during the year40,00090,000 Required: (i) Allowable depreciation (ii) Closing value of fixed asset of the year (b) The operating results of a company are provided: Year678910Profit/loss(Rs)30,000100,000150,000200,000120,000 The company has incurred loss in its 2^nd year of operations. The unrecovered loss of 2^nd year, 3^rd year, 4^th year and 5^th year is Rs. 30,000, Rs. 40,000, Rs. 50,000 and Rs. 60,000 respectively. The profit of the 6^th year is derived without deducting interest on bank loan Rs. 20,000 and profit of the 7^th year is derived without adding commission income Rs. 10,000. In year 9, profit was calculated after deducting donation to PADT Rs. 100,000 and the profit of 10^th year was ascertained deducting pollution control cost of Rs. 300,000. Required: Taxable income and explanation wherever necessary.