Deduction in respect of deposit in Site restoration fund u/s 33ABA is available to the extent of amount deposited including credited interest or ……….. % of the profits as calculated under the head Profit and Gains of Business or Profession before giving deduction under this section whichever is less.
A. 15%
B. 20%
C. 30%
D. 40%
Answer:B
Deduction in respect of deposit in Site restoration fund u/s 33ABA is available to the extent of amount deposited including credited interest or ……….. % of the profits as calculated under the head Profit and Gains of Business or Profession before giving deduction under this section whichever is less.
A. 15% B. 20% C. 30% D. 40%