For a special economic zone unit, is a section 10AA deduction usable under 115BAC?
AYes, in full now
BYes, for five years
CNo, it is disallowed
DYes, at 50 per cent
Answer & Solution
Correct answer: C. No, it is disallowed
Section 10AA is named in condition (2)(i) as an exemption or deduction that cannot be claimed.
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