alleryStart learning →Premium on insurance of stock-in-trade is deductible under which provision?
ASection 37(1)
BSection 36(1)(i)
CSection 30(c)
DSection 31(i)
Answer & Solution
Correct answer: B. Section 36(1)(i)
Section 36(1)(i) allows the premium for insuring stocks or stores against damage or destruction.
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