For the assessment year 2021-22, a Domestic company on exercising option u/s 115BAB, did not get deduction u/s 35AD. The company will
A. not be allowed to claim any deduction of depreciation on the expenditure.
B. be allowed to claim normal and additional depreciation on the expenditure.
C. be allowed to claim normal depreciation on the expenditure.
D. None of the above
Answer:C
For the assessment year 2021-22, a Domestic company on exercising option u/s 115BAB, did not get deduction u/s 35AD. The company will
A. not be allowed to claim any deduction of depreciation on the expenditure. B. be allowed to claim normal and additional depreciation on the expenditure. C. be allowed to claim normal depreciation on the expenditure. D. None of the above