![Mcqmate logo](https://mcqmate.com/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/images/logos/logo-white.png)
McqMate
Q. |
What is the amount of contribution that a company can make for political purposes? |
A. | 10% of net profits of the preceding financial year on which the tax has been paid. |
B. | 5% of gross profit of the current assessment year. |
C. | amount not exceeding 5% of the net profits of three immediately preceding financial years. |
D. | none of these. |
Answer» C. amount not exceeding 5% of the net profits of three immediately preceding financial years. |
View all MCQs in
Regulatory Framework for CompaniesNo comments yet