Question

fifth schedule on tax means:
a) a statement of showing capital investment
b) a statement showing pre- tax return or selling of drugs manufacturing
c) a statement showing purchase amount of raw material
d) statement of purchase of material​

Answer 1

Explanation:

Among the various options given in question statement the correct option is the third one.

Fifth schedule on tax means a statement showing purchase amount of raw material. It includes all sorts of capital goods that are to be used in the production of main material. It also includes spares that are needed to maintain the production equipment