Anirudh had made payment of (i) ₹30,000 to IIT, Kanpur for an approved scientific research programme (ii) ₹45,000 revenue expenditure on in house R&D facility as approved by prescribed authority and (iii) ₹1,00,000 t
CS Executive · Tax Laws · PYQS · December 2019
Anirudh had made payment of (i) ₹30,000 to IIT, Kanpur for an approved scientific research programme (ii) ₹45,000 revenue expenditure on in house R&D facility as approved by prescribed authority and (iii) ₹1,00,000 to Indian Institute of Science, Bengaluru for scientific research, wants to know about the deduction available while computing the income under "Profits and gains from business" in the Assessment Year 2019-20.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act, 1961
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