Q378
In case where profits are insufficient to absorb brought forward losses, current depreciation and current business losses, the same should be deducted in the order 1. Current scientific research expenditure [Section 35(1)]. 2. Current depreciation [Section 32(1)]. 3. Brought forward business losses [Section 72(1)]. 4. Unabsorbed depreciation [Section 32(2)]. 5. Unabsorbed investment allowance [Section 32A(3)(b)]. 6. Unabsorbed development allowance [Section 33A(2)(b)]. 7. Unabsorbed family planning promotion expenditure [Section 36(1)(I)]. 8. Unabsorbed scientific research capital expenditure [Section 35(4)].
A.
1, 3, 2, 7, 4, 6, 5, 8
B.
1, 2, 3, 7, 4, 8, 6, 5
AnswerC.
1, 2, 3, 4, 7, 5, 6, 8
D.
3, 2, 7, 1, 8, 4, 5, 6
Answer: Option B
Solution
Answer: Option B
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