Q717
Which of the following statements are correct? 1. Charity received from customers is not business income 2. In connection with the statutory income tax preceding, expenses upto Rs. 20,000 are admissible 3. Expenses incurred for issuing share are deductible Select the correct answer using the options given below
A.
Only 1
AnswerB.
Both 1 and 2
C.
Both 1 and 3
D.
All of the above
Answer: Option A
Solution
Answer: Option A
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