Prakash Ltd. started business of production fertilizers in India in the year 2010. It will get a deduction of u/s 35AD if its capital expenditure is ₹ 150 lakhs including ₹ 80 lacs on land.
A. 1150 lakhs
B. ₹ 225 lacs
C. ₹ 70 lacs
D. Nil
Answer:D
Prakash Ltd. started business of production fertilizers in India in the year 2010. It will get a deduction of u/s 35AD if its capital expenditure is ₹ 150 lakhs including ₹ 80 lacs on land.
A. 1150 lakhs B. ₹ 225 lacs C. ₹ 70 lacs D. Nil