Deduction Allowed Under Section 33 AB

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Question:

For which area can a deduction be allowed under Section 33 AB? Question 1Answer a. The Employee Training Account b. Government Securities Reserve Fund c. The Business Expansion Account d. The Tea Development Account

Answer:

Under Section 33 AB of the Income Tax Act, a deduction is allowed for contributions made to the Tea Development Account. Therefore, the correct answer is:

d. The Tea Development Account