Deduction under Section 80C to 80U are not allowed from the following incomes, although these incomes are part of gross total income.
1. Salary income
2. Long-term capital gains
3. Winnings of lotteries, race etc
4. Income by way of interest on safe deposit
5. Short-term capital gain on transfer of equity shares and units of equity oriented fund through a recognised stock exchange
Select the correct answer using the options given below

List out from the given statements the important ethical principles that a business should follow:
1. To take the necessary action for the development of the concerned industry or business
2. Pay taxes and discharge other obligations promptly
3. To ensure the best utilisation of the human resources
4. Refrain from secret kickbacks or pay-offs to customers, suppliers, administrators, etc.
5. Ensure payment of fair wages and fair treatment of employees

Entertainment allowance for non-government employees are:

In tax laws, donation to approved and notified association for scientific research is allowed as:

Statement (I): If the tax liability has been reduced within the legal framework, it is tax planning.
Statement (II): If tax liability has been reduced to get benefit of deduction available under the income tax, it is called tax evasion.
In the context of the above two statements, which one of the following is correct?