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Q. |
If a company spent Rs: 80,000 as preliminary expenses on 31st March, 2018, the allowable deduction is: |
A. | Rs: 8,000 |
B. | Rs: 16,000 |
C. | Rs: 20,000 |
D. | Rs: 40,000 |
Answer» B. Rs: 16,000 |
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