MCQOPTIONS
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| 1. |
Under the Income-tax Act, 1961, which of the following outlays incurred by Sun Ltd. during theprevious year ended 31st March, 2019 will not be admissible as deduction while computing its business income |
| A. | Contribution to a political party in cash |
| B. | Interest on loan taken for payment of income-tax |
| C. | Capital exnditure on advertisement |
| D. | All of the above |
| Answer» E. | |