Any capital expenditure incurred on acquiring telecom license is deductible in —

CS Executive · Tax Laws and Practice · PYQS · December 2016
Any capital expenditure incurred on acquiring telecom license is deductible in —
(A) 5 Equal installments
(B) 10 Equal installments
(C) 15 Equal installments
(D) Equally over the period of the license.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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