Preliminary expenses incurred are allowed deduction in:

Related MCQs

• As per section 30, which expenditure incurred for a building used for the business or profession shall not be allowed as deduction?
• Under the Income-tax Act, 1961, which of the following outlays incurred by Sun Ltd. during the previous year ended 31st March, 2019 will not be admissible as deduction while computing its business income
• Which of the following taxes are allowed as deduction while computing the business income?
• An assessee was engaged in the business of cattle rearing. He incurred a loss in respect of animals which were used for the purposes of his business (otherwise than as stock-in trade) and which have died. Such expenditure shall be considered as
• Expenditure incurred by an hotelier on replacement of linen and carpets in his hotel. Such expenditure shall be considered as
• An assessee incurred expense of tax on non monetary perquisites of employees. Such expenditure shall be considered as
• XYZ & Co. incurred a liability by giving discount on issue of debentures. Such expenditure shall be considered as
• Alternate Minimum Tax shall not be applicable to a non-corporate assessee who has claimed any deduction under:
• Tax deduction available to certain industries for the initial few years is called-----
• The maximum deduction available under section 80 C is