Q. Interest on borrowed capital accrued up to the end of the previous year to prior to the year ofcompetition of construction is allowed__________ (Solved)
1. As a deduction in the year of completion of construction
2. In 5 equal annual installments from the year of competition of construction.
3. In the respective year in which the interest accrues
4. Up to Rs.30,000 on Rs.20,000.
- b. In 5 equal annual installments from the year of competition of construction.