Q. Expenditure incurred by a company for the purpose of promoting family planningamong its employees, being of a capital nature (Solved)
1. Is not allowed as a deduction
2. Allowed as deduction in 4 equal installments in 4 years
3. 1/5 of expenditure is allowed as deduction in the previous year
4. 4/5 of expenditure is allowed as deduction in 4 equal installments in 4 years after the previous year
- c. 1/5 of expenditure is allowed as deduction in the previous year