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Match the items of List-I with the items of List-II and...

This question belongs to Commerce Income Tax And Corporate Tax
Income Tax and Corporate Tax
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Match the items of List-I with the items of List-II and choose the correct answer:
List-I List-II
a. Compensation received by an employee from his employer on termination of job 1. Exemption up to specified limit
b. Pension received by the widow of an employee 2. Profits in lieu of salary
c. Foreign allowance for rendering services abroad 3. Income from other sources
d. Children hostel allowance 4. Fully exempt from tax

Answer & Solution
Correct Answer: Option B
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