Which of the following is a 'specified business' eligible for deduction under section 35AD ?

CS Executive · Tax Laws and Practice · PYQS · June 2017
Which of the following is a 'specified business' eligible for deduction under section 35AD ?
(A) Operating warehousing facility for storage of agriculture produce
(B) Operating leather manufacturing unit
(C) Operating unit for manufacture of tooth paste
(D) Units operating in Jammu & Kashmir

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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