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Under the Income-Tax Act, 1961, Which of the Following Outlays

Question 12

Multiple Choice

Under the Income-tax Act, 1961, which of the following outlays incurred by Sun Ltd. during the previous year ended 31st March, 2019 will not be admissible as deduction while computing its business income


A) Contribution to a political party in cash
B) Interest on loan taken for payment of income-tax
C) Capital exnditure on advertisement
D) All of the above

Correct Answer:

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