Which of the following statements are true in the context of clubbing of income?
1. Provisions of Section 64 of the Income Tax Act, 1961, deals with clubbing of income.
2. Under Section 64(1)(ii), the remuneration of spouse from a concern in which the other spouse has substantial interest, is done.
3. Under Section 64(1)(iv), income from assets transferred to the spouse is done.
4. Under Section 64(1A), the clubbing of a minor child is done.

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?