For tax year 2026-27, under the Income-tax Act, 2025, where the deduction is available and all…
The deduction is 100% of qualifying expenditure on a notified skill development project. Section 47(1)(b) of the Income-tax Act, 2025 permits the expenditure incurred by a…
Choose your answer
For tax year 2026-27, under the Income-tax Act, 2025, where the deduction is available and all prescribed conditions are met, expenditure by a company on a notified skill development project, excluding land or building costs, is deductible at:
Answer and explanation
Correct answer B
The deduction is 100% of qualifying expenditure on a notified skill development project. Section 47(1)(b) of the Income-tax Act, 2025 permits the expenditure incurred by a company, excluding the cost of land or buildings.
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Gujarat SET (GSET)