XAB Ltd. has incurred amount of ₹4,00,000 towards capital expenditure and ₹1,50,000 towards bona fide revenue expenditure for the purpose of promoting family planning amongst its employees during the year 2018-19. Compan
CS Executive · Tax Laws · PYQS · December 2019
XAB Ltd. has incurred amount of ₹4,00,000 towards capital expenditure and ₹1,50,000 towards bona fide revenue expenditure for the purpose of promoting family planning amongst its employees during the year 2018-19. Company can claim deduction of an amount of __________ for such expenses in the return to be filed for A.Y. 2019-20.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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