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Commerce · Q716

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 716

Q716

The provisions relating to limitation of interest deduction in respect of debt issued by a non-resident associated enterprises are not applicable to an Indian company engaged in the business of

A.
information technology
B.
banking and insurance business
Answer
C.
bio-technology
D.
aviation

Answer: Option B

Solution

Answer: Option B
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