What must happen before the deduction under Section 33 ABA is admissible? Question 3Answer a. Employees' incomes have to be audited b. The Environmental Tax Credit must be claimed c. The business must announce dividends for the financial year d. Assessee's accounts are audited by an accountant as defined in Section 288 and the audit report is furnished
Before the deduction under Section 33 ABA is admissible, the correct answer is:
d. Assessee's accounts are audited by an accountant as defined in Section 288 and the audit report is furnished.
This requirement ensures that the financial statements are verified and compliant with the necessary regulations before the deduction can be claimed.