XYZ Ltd., engaged in manufacture of a product, has incurred an expenditure of ₹3 lakh on notified skill development project u/s 35CCD. The deduction available for such expenditure is __________ lakh.
CS Executive · Tax Laws and Practice · PYQS · June 2018
XYZ Ltd., engaged in manufacture of a product, has incurred an expenditure of ₹3 lakh on notified skill development project u/s 35CCD. The deduction available for such expenditure is __________ lakh.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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