XYZ Ltd. paid ₹ 5 Lakh on 22.1.2019 to a national level laboratory for carrying scientific research unrelated to the business of the company. The amount of deduction eligible under section 35(2AA) of the In-come-tax Act, 1961 is:
A. ₹ 5,00,000 @ 100%
B. ₹ 6,25,000 @ 125%
C. ₹ 7,50,000 @ 150%
D. ₹ 10,00,000 @ 200%
Answer:C
XYZ Ltd. paid ₹ 5 Lakh on 22.1.2019 to a national level laboratory for carrying scientific research unrelated to the business of the company. The amount of deduction eligible under section 35(2AA) of the In-come-tax Act, 1961 is:
A. ₹ 5,00,000 @ 100% B. ₹ 6,25,000 @ 125% C. ₹ 7,50,000 @ 150% D. ₹ 10,00,000 @ 200%