CAF-2 · Chapter 11 · Question 9 of 15
A Tier-1 retailer installs a new point of sale (POS) machine integrated with the FBR’s system, costing Rs. 180,000. What is the maximum tax credit allowed for this machine under Section 64D?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) Rs. 150,000
Explanation
The tax credit for a POS machine is allowed at the lower of the amount actually invested in purchasing the machine or Rs. 150,000 per machine.
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