Deduction under Section 80C to 80U are not allowed from the...

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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

A. Only 1

B. Both 1 and 2

C. 2, 3, 4 and 5

D. 2, 3 and 5

Answer: Option D


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