Anirudh had made payment of (₹ 30,000 to IIT, Kanpur for an approved scientific research programme (₹ 45,000 revenue expenditure on in house R&D facility as approved by prescribed authority and (₹ 1,00,000 to Indian Institute of Science, Bengaluru for scientific research, wants to know about the deduction avail-able while computing the income under “Profits and gains from business” in the Assessment Year 2019-20.
A. 12,40,000
B. ₹ 1,75,000
C. ₹ 2,62,500
D. ₹ 2,65,000
Answer:A
Anirudh had made payment of (₹ 30,000 to IIT, Kanpur for an approved scientific research programme (₹ 45,000 revenue expenditure on in house R&D facility as approved by prescribed authority and (₹ 1,00,000 to Indian Institute of Science, Bengaluru for scientific research, wants to know about the deduction avail-able while computing the income under “Profits and gains from business” in the Assessment Year 2019-20.
A. 12,40,000 B. ₹ 1,75,000 C. ₹ 2,62,500 D. ₹ 2,65,000