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Expenses not specifically being allowed under any of sections 30 to 36 and incurred for the purpose of business or profession are allowable as per section 37(1) of the Act.Following expenses are allowable under this section: (i) Expenditure on the issue of share capital (ii) Expenses for the installation of new telephone (iii) Annual listing fees paid to the stock exchange (iv) Loss caused by robbery or dacoity incidental to the business.Select the correct answer from the options given below:

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Expenses not specifically being allowed under any of sections 30 to 36 and incurred for the purpose of business or profession are allowable as per section 37(1) of the Act.<br />Following expenses are allowable under this section:<br /> (i) Expenditure on the issue of share capital<br /> (ii) Expenses for the installation of new telephone<br /> (iii) Annual listing fees paid to the stock exchange<br /> (iv) Loss caused by robbery or dacoity incidental to the business.<br />Select the correct answer from the options given below:






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