When ABC Ltd incurred ₹ 10 lakhs in FY 2019-20 as capital expenditure for the purpose of family planning amongst the employees, the expenditure allowable for the assessment year 2020-21 would be:
A. Nil
B. ₹ 2,00,000
C. ₹ 10,00,000
D. ₹ 5,00,000
Answer:B
When ABC Ltd incurred ₹ 10 lakhs in FY 2019-20 as capital expenditure for the purpose of family planning amongst the employees, the expenditure allowable for the assessment year 2020-21 would be:
A. Nil B. ₹ 2,00,000 C. ₹ 10,00,000 D. ₹ 5,00,000