Mark to market loss computed in accordance with income computation and disclosure standards (ICDS) is being allowable as deduction from the Income computed under the head ______.
CS Executive · Tax Laws and Practice · PYQS · December 2020
Mark to market loss computed in accordance with income computation and disclosure standards (ICDS) is being allowable as deduction from the Income computed under the head ______.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Profits and Gains of Business or Profession
Related Questions in this Topic
- GG Goods Transporters engaged in the business of carriage of goods owns on 1st April, 2019 trucks consisting (i) 6 heavy...
- Maintenance of such books of accounts and other documents is compulsory under section 44AA of the Income Tax Act, 1961 w...
- XYZ Ltd paid an amount of ₹2,00,000 towards rent for the business premises to Ramavtar on 12.01.2020 and did not deduct ...
- Any expenditure incurred by an assessee on the activities relating to the corporate social reasonability (CSR) referred ...
- XYZ limited commenced production on 1st December 2019 of paper boards made payments (i) on 1st January 2020 of ₹1,00,000...