Lease rentals paid by the lessee are deductible for computing taxable profits. Options: A . &nbsp True B . &nbsp False C . &nbsp Trade Credit D . &nbsp Debentures

Lease rentals paid by the lessee are deductible for computing taxable profits.

Question -

Lease rentals paid by the lessee are deductible for computing taxable profits.

Options:

A . True

B . False

C . Trade Credit

D . Debentures

Answer: Option A
:
A

True. Lease rentals paid by the lessee are deductible for computing taxable profits, and hence, lead to savings in taxes.

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