MCQOPTIONS
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| 1. |
Certain revenue and capital expenditure on scientific research are allowed as deduction in the previous year of commencement of business even if these are incurred: |
| A. | Five years immediately before the commencement of business |
| B. | 3 years immediately before the commencement of the business |
| C. | Any time prior to the commencement of the business |
| D. | None of the above |
| Answer» C. Any time prior to the commencement of the business | |