If a company spent Rs: 80,000 as preliminary expenses on 31st March, 2018, the allowablededuction is:

If a company spent Rs: 80,000 as preliminary expenses on 31st March, 2

1.	If a company spent Rs: 80,000 as preliminary expenses on 31st March, 2018, the allowablededuction is:
A.	Rs: 8,000
B.	Rs: 16,000
C.	Rs: 20,000
D.	Rs: 40,000
Answer» C. Rs: 20,000