Classical

Advanced Questions - Section 1

46:  

Deduction under section 80C shall be allowed for

A.

Any education fee

B.

Tuition fee exclusive of any payment towards any development fee or donation or payment of similar nature

C.

Tuition fee and annual charges

D.

None of the above

 
 

Option: B

Explanation :

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47:  

Loss under the head capital gain in a particular assessment year can

A.

Be set off from other head of income in the same assessment year

B.

Be carried forward

C.

Neither be set off nor carried forward

D.

Is at the discretion of the Assessing Officer

 
 

Option: B

Explanation :

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48:  

Deduction under section 80D in respect of medical insurance premium is allowed to

A.

Any assessee

B.

An individual or HUF

C.

Individual or HUF who is resident in India

D.

Individual only

 
 

Option: B

Explanation :

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49:  

Deduction under section 80C is allowed from

A.

Gross total income

B.

Total income

C.

Tax on total income

D.

None of the above

 
 

Option: A

Explanation :

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50:  

Deduction under section 80CCC is allowed to the extent of

A.

Rs. 2,00,000

B.

Rs. 1,00,000

C.

Rs. 4,00,000

D.

None of the above

 
 

Option: B

Explanation :

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