XYZ Ltd., engaged in manufacture of a product, has incurred an expenditure of 3 lakh on notified skill development project u/s 35CCD. The deduction available for such expenditure is ₹ lakh.
A. 3
B. 3.75
C. 4.5
D. None of the above
Answer:C
XYZ Ltd., engaged in manufacture of a product, has incurred an expenditure of 3 lakh on notified skill development project u/s 35CCD. The deduction available for such expenditure is ₹ lakh.
A. 3 B. 3.75 C. 4.5 D. None of the above