Raghav Housing Finance Ltd., a NBFC is eligible to claim deduction in the case of provision made for bad and doubtful debts to the extent of __________ total income.

CS Executive · Tax Laws and Practice · PYQS · June 2019
Raghav Housing Finance Ltd., a NBFC is eligible to claim deduction in the case of provision made for bad and doubtful debts to the extent of __________ total income.
(A) 10%
(B) 5%
(C) 2%
(D) 1%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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