Posted by: Pdfprep
Post Date: January 20, 2021
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