Q283
Which of the following statements are correct? 1. Provision made for sales tax is admissible deduction. 2. Wealth tax paid by a company is a deductible expense. 3. Contribution to a political party is a deductible expense. Select the correct answer using the options given below
A.
Only 1
AnswerB.
Both 1 and 2
C.
Only 2
D.
None of the above
Answer: Option A
Solution
Answer: Option A
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