MNO Ltd. was incorporated in April, 2018 and its aggregate turnover for the previous year 2018-19 must not exceed __________ in order to be eligible for deduction under section 80-IAC of the Act.
CS Executive · Tax Laws and Practice · PYQS · December 2019
MNO Ltd. was incorporated in April, 2018 and its aggregate turnover for the previous year 2018-19 must not exceed __________ in order to be eligible for deduction under section 80-IAC of the Act.
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax
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