Preliminary expenses that can be amortized under the Income-tax Act 19 – McqOptions

MCQOPTIONS

1.	Preliminary expenses that can be amortized under the Income-tax Act 1961 has to be restricted to ______________ of the cost of the Project.
A.	5%
B.	15%
C.	20%
D.	None of the above
Answer» B. 15%

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