X Ltd. paid ₹ 10 lakh to an approved college to be used for scientific research unrelated to its business. Amount eligible for deduction u/s 35(i)(is –
A. ₹ 5 lakh
B. ₹ 17.5 lakh
C. ₹ 15.00 lakh
D. ₹ nil
Answer:C
X Ltd. paid ₹ 10 lakh to an approved college to be used for scientific research unrelated to its business. Amount eligible for deduction u/s 35(i)(is –
A. ₹ 5 lakh B. ₹ 17.5 lakh C. ₹ 15.00 lakh D. ₹ nil