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Commerce · Q270

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 270

Q270

The provisions relating to limitation of interest deduction in respect of debt issued by a non-resident associated enterprise would not apply, where the expenditure by way of interest or similar nature is

A.
Rs. 2.10 crore
B.
Rs. 2 crore
C.
Rs. 1.50 crore
D.
Rs. 1 crore
Answer

Answer: Option D

Solution

Answer: Option D
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