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Expenditure incurred in carrying out illegal business is—

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Expenditure incurred in carrying out illegal business is—

A.

Not allowed as deduction in any case.

B.

Allowable as deduction, if gross total income is less than Rs. 5 lakhs.

C.

Allowable as deduction in all cases.

D.

Allowable as deduction, if income from illegal business is offered to tax.

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AAFM CTEP Summary

  • Vendor: AAFM
  • Product: CTEP
  • Update on: Jul 25, 2025
  • Questions: 472
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TESTED 31 Jul 2025