alleryStart learning →Under 115BBE, what applies to expenditure and loss set-off?
AFull deduction is allowed
BBusiness expenses are allowed
COnly loss set-off is allowed
DNeither is permitted at all
Answer & Solution
Correct answer: D. Neither is permitted at all
Section 115BBE disallows any deduction for expenditure or allowance and any set-off of loss against the deemed income.
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