For levying tax on deemed income u/s.68, 69, 69B, 69C and 69D which of the following is deducted?
a.Expenditure incurred for earning that income
b.Depreciation or any other allowance
c. set off of any loss
d. None
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Qus. asked in ITI exam 2018
Replies (1)
Ans. (d) None. See section 115BBE(2) OF THE IT ACT 1961
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