XAB Ltd. has incurred amount of ₹ 4,00,000 towards capital expenditure and ₹ 1,50,000 towards bona fide revenue expenditure for the purpose of promoting family planning amongst its employees during the year 2018-19. Company can claim deduction of an amount of X …………for such expenses in the return to be filed for A.Y. 2019-20.
A. 50% of ₹5,50,000
B. ₹ 2,30,000
C. Such expenses are not allowed
D. 20% of ₹ 5,50,000
Answer:B
XAB Ltd. has incurred amount of ₹ 4,00,000 towards capital expenditure and ₹ 1,50,000 towards bona fide revenue expenditure for the purpose of promoting family planning amongst its employees during the year 2018-19. Company can claim deduction of an amount of X …………for such expenses in the return to be filed for A.Y. 2019-20.
A. 50% of ₹5,50,000 B. ₹ 2,30,000 C. Such expenses are not allowed D. 20% of ₹ 5,50,000