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Expenditure incurred in carrying out illegal business is―

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.

Answer: D

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