Deductible Business Expenditure Quiz

What type of expenditure is deductible under section 37?

Which of the following payments is considered deductible?

What is the tax treatment for expenses on providing freebies to medical practitioners?

Under which condition can a tenant get depreciation on capital expenditure for a leased building?

What is the maximum limit for Indian companies to claim a deduction on eligible expenditure under the specified criteria?

Which of the following is NOT considered as part of the eligible expenditure for setting up a new business by new companies?

Under what condition is Compulsory Audit required for the financial year in which expenditure is incurred?

What type of expenses are deductible if capitalized in the books of accounts for claiming a deduction under section 35AD?

What will happen to any expenditure for acquisition of an asset if aggregate payments made to a person in a day exceed Rs. 10,000?

Which priority is followed for set-off in subsequent assessment years according to the text?

In the case of second-hand assets, what criteria might the Assessing Officer use to determine the actual cost of the asset?

What happens to the actual cost of a building used for non-business purposes earlier according to the text?