Consider the following statements 1 The aggregate amount of deduction under...

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Consider the following statements.
1. The aggregate amount of deduction under Sections 8oC to 8oU can exceed gross total income.
2. If a deduction is allowed under the above sections to the AoP or Bol, then deductions for the same payment/income will not be allowed to the members of the AoP/BoI.
3. Deduction is allowed only when it is claimed in his return under the heading "C Deductions in respect of certain incomes."
Which of the statement(s) given above is/are correct?

A. Only 1

B. Both 1 and 2

C. Both 1 and 3

D. Both 2 and 3

Answer: Option D


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