Deduction u/s 37(i) shall be allowed for those expenditure which are of nature :
a) revenue
b) capital
c) both of them
d) none of these
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Sec 37 allows expenses (not being expense of nature described in sec 30 to 36 and expense of capital nature or personal expense) laid out wholly or exclusively for business.
Hence Ans is (a) revenue expense
thank you mam....:)
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