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Commerce · Q619

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 619

Q619

Which of the following expenses is in admissible while computing income from other sources?

A.
Interest paid on amounts borrowed to meet tax liabilities
Answer
B.
Collection charges paid to the banker or any other person to collect interest/dividend
C.
Interest on loan taken to invest in securities
D.
Depreciation on let out machinery and plant

Answer: Option A

Solution

Answer: Option A
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