Under the Income-tax Act, 1961, which of the following outlays incurred by Sun Ltd. during the previous year ended 31st March, 2015 will not be admissible as deduction while computing its business income
CS Executive · Tax Laws and Practice · PYQS · June 2015
Under the Income-tax Act, 1961, which of the following outlays incurred by Sun Ltd. during the previous year ended 31st March, 2015 will not be admissible as deduction while computing its business income
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax
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