NERVOUS SYSTEM SPECIAL SENSE
CEREBRUM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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From which section can I check source wise business contribution
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VAS
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Recon
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Communications
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Revenue Information
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Explanation:
Detailed explanation-1: -Section 14-A of the Income Tax Act was added to ensure that expenses made in generating tax-exempt income are not permitted as a deduction when determining total income for the assessee.
Detailed explanation-2: -(i) the amount paid on account of current repairs thereto; (ii) the amount of any premium paid in respect of insurance against risk of damage or destruction thereof.
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