Match the following items of List-I and List-II and select the correct answer:
List I (Sections) | List II (Maximum Deduction) |
a. Section 80C of I. T. Act | 1. Rs. 10,000 |
b. Section 80D of I. T. Act | 2. Rs. 40,000 |
c. Section 80 DDB of I. T. Act | 3. Rs. 1,00,000 |
d. Section 80 TTA of I. T. Act | 4. Rs. 15,000 |
A. a-3, b-1, c-4, d-2
B. a-3, b-4, c-2, d-1
C. a-4, b-3, c-2, d-1
D. a-2, b-3, c-1, d-4
Answer: Option B
Related Questions on Income Tax and Corporate Tax
A. 3, 4 and 5
B. 2, 4 and 5
C. 1, 2 and 3
D. 1, 3 and 5
Entertainment allowance for non-government employees are:
A. Fully exempted
B. Fully taxable
C. Partially taxable
D. Fully exempted in specified
E. Partially exempted in selected areas
In tax laws, donation to approved and notified association for scientific research is allowed as:
A. 125% of the donation
B. 100% of the donation
C. 175% of the donation
D. 150% of the donation
A. Both the Statements (I) and (II) are correct
B. Statement (I) is correct, but (II) is incorrect
C. Both Statements (I) and (II) are incorrect
D. Statement (II) is correct, but (I) is incorrect
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