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X Ltd. has failed to remit the tax deducted at source from annual rent of Rs. 6,60,000 paid to Mr. A for its office building. The said rent is

A.

fully allowable as a business expenditure

B.

not allowable in view of Section 40(a)(I)

C.

allowable to the extent of 50%;

D.

none of the above

AAFM GLO_CWM_LVL_1 View All Questions

AAFM GLO_CWM_LVL_1 Summary

  • Vendor: AAFM
  • Product: GLO_CWM_LVL_1
  • Update on: Jul 29, 2025
  • Questions: 1057
Price: $52.5  $149.99
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TESTED 02 Aug 2025