Carrot Ltd (CL) is engaged in the manufacture, import and sale of electronic appliances for the past twenty years. While reviewing the companys tax provisions, you noticed the following amounts appearing in the tax calculation for the year ended June 30, 2021.

(i) Expenditure of Rs. 450,000 on promotion of a product which is expected to generate revenue for twelve years.

(ii) Bad debt in respect of a staff loan, Rs. 25,000.

(iii) Reimbursement of expenses of Rs. 300,000 to CL by the parent company. This amount was incurred by CL in 2017 on marketing a new product imported from Dubai.

(iv) Initial allowance of Rs. 4,000,000 on a used equipment acquired locally from MSD Limited.

(v) Financial charges amounting to Rs. 100,000 and depreciation amounting to Rs. 200,000 on a vehicle acquired on finance lease from Radish Leasing. Lease rentals paid during the year amounted to Rs. 400,000. The principal cost of finance leased motor vehicle not plying for hire is within maximum upper limit of Rs. 2,500,000

Required:

Under the provisions of Income Tax Ordinance, 2001 discuss the admissibility of each of the above amounts for tax purposes.