McqMate
Q. |
Expenditure incurred by a company for the purpose of promoting family planning among its employees, being of a capital nature |
A. | Is not allowed as a deduction |
B. | Allowed as deduction in 4 equal installments in 4 years |
C. | 1/5 of expenditure is allowed as deduction in the previous year |
D. | 4/5 of expenditure is allowed as deduction in 4 equal installments in 4 years after the previous year |
Answer» C. 1/5 of expenditure is allowed as deduction in the previous year |
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