In the case of companies, capital expenditure incurred for the purpose of promoting family planning amongst the employees would be deductible to the extent —

CS Executive · Tax Laws and Practice · PYQS · December 2014
In the case of companies, capital expenditure incurred for the purpose of promoting family planning amongst the employees would be deductible to the extent —
(A) Equal to 1/5th in each year for 5 years
(B) Equal to 1/6th in each year for 6 years
(C) Equal to 1/4th in each year for 4 years
(D) Equal to 1/10th in each year for 10 years.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Equal to 1/5th in each year for 5 years. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic