State the rate of deduction allowable under the Income-tax Act, 1961 while assessing income from business or profession in the following cases: (v) Expenditure incurred by companies on notified skill development projects
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2015
State the rate of deduction allowable under the Income-tax Act, 1961 while assessing income from business or profession in the following cases: (v) Expenditure incurred by companies on notified skill development projects.
Answer & Explanation:
150% of the expenditure.
Topics: Income Tax
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