Practice Test

Q1) Deduction with respect to profits and gains from undertakings or enterprises engaged in infrastructure development u/s 801A is available for _______ years. Show Answer

Q2) Section 80IA deduction is available to enterprise carrying on business of Show Answer

Q3) Bhindi Ltd. started constructing Rail Bridge from 02/07/18. It will be eligible for deduction u/s Show Answer

Q4) Income from letting out of premises along with other facilities in a SEZ is to be charged to tax under the head Show Answer

Q5) Under Sec 80-IAC, tax incentives for new startups, eligible startups are allowed a deduction of 100% of profits and gains for any consecutive Assessment Years out of _____ years beginning from the year in which eligible start up is incorporated. Show Answer

Q6) For claiming deduction u/s 80 SAC, eligible start up should use new machinery or plant. But in case of second-hand machinery up to _____ of total value of machinery, deduction u/s 80 IAC can still be claimed Show Answer

Q7) Mr. Naksh has GTS of Rs. 1,20,000 for FY 18-19 and has deduction under Chapter VS-A of Rs. 1,50,000. Loss to be carried forward by Mr. Narks for FY 18-19 is Show Answer

Q8) State whether True or False. “Once deduction u/s 80 G is taken by AOP, no deduction under the same section shall be made in computing total income of a member of AOP in relation to share of such member." Show Answer

Q9) Tahira Pvt. Ltd. is an eligible start up incorporated on 05/05/2016. It holds a certificate from IMBC. Total turnover for Previous Year 18-19 is Rs. 20 Crores. Profits for FY 18-19 of Tahira Pvt. Ltd. is Rs. 99,56,000. Return for FY 18-19 is filed on 09/12/2019. Deduction available to Tahira Pvt. Ltd. is Show Answer

Q10) Deductions under Chapter Vl-A are deducted from income _________ adjusting and setting off brought forward losses Show Answer

Q11) Sec 80 C deduction is available to Show Answer

Q12) Maximum permissible deduction u/s 80 C is Show Answer

Q13) Life insurance premium of Rs. 1,60,000 was paid by Mr. Manu for his major son Daksh. Deduction u/s 80 C available to Mr. Manu is Show Answer

Q14) Mr. Jugnoo has taken a life insurance policy on 01/01/2013 and the capital sum assured was Rs. 2,00,000. It paid a premium of Rs. 32,000 during FY 18-19. Amount of deduction u/s 80C will be Show Answer

Q15) Mr. Jagga jasoos has taken a LIC policy on 06/08/14 for capital sum assured of Rs. 2,50,000. Premium paid by Mr. Jagga Jasoos is as follows -
14-15:20,000;
15-16:20,000;
16-17:22,000;
17-18:27,000;
18-19:27,000;
19-20:1,16,000.
Mr. Jagga Jasoos received Rs. 2,70,000 on 29/03/19 from this policy. Amount taxable in the hands of Jagga Jasoos. Show Answer

Q16) Sum received by a key man under key man insurance policy is _________ under sec 10(10D). Show Answer

Q17) Which of the following is not eligible for 80C deduction Show Answer

Q18) Which of the following is not included in donation qualifying for 100% deduction without any qualifying limit Show Answer

Q19) Contribution given by LLP for renovation of temple u/s 80G will be eligible for deduction u/s 80G @- Show Answer

Q20) Maximum permissible deduction u/s 80G donation subject to qualifying limit is restricted to Show Answer

Q21) For computing adjusted total income for the purpose of sec 80G, what should be reduced from GTI Show Answer

Q22) Mr. A, a proprietor, gave an asset of Rs. 2,50,000 to an institution established for charitable purpose. Deduction u/s 80 G admissible will be Show Answer

Q23) Deduction u/s 80 G will not be available if donation in cash is more than Show Answer

Q24) Mr. Shiva aged 39 years, has GTS of Rs. 7,00,000. Income after deduction under Chapter Vl-A but excluding 80 G deduction is Rs. 6,00,000. Following donations were made. State the amount of deduction u/s 80G -
(i) National sports Fund 26,000.
(ii) Rajiv Gandhi Foundation 50,000.
(iii) Approved association for promotion of family planning 40,000.
(iv) Public charitable trust 50,000. Show Answer

Q25) Which of the conditions is required to be fulfilled u/s 80GG forgetting deduction of rent paid Show Answer

Q26) Mr. Ganesh, a businessman whose total income (before allowing deduction u/s 80GG) for Assessment Year 19-20 is Rs. 4,60,000 paid house rent @ Rs. 12,000 p.m. in respect of residential accommodation occupied by him at Mumbai. Compute the deduction allowable to him under sec 80GG for Assessment Year 19-20. Show Answer

Q27) Deduction in respect of donations for scientific research or rural development u/s 80GGA is available to Show Answer

Q28) Mr. A paid Rs. 3,50,000 to Stanford university, California for the education of his child. Maximum deduction allowable u/s 80C Show Answer

Q29) For the purchase of house property, Sheela took a loan from LIC of Rs. 10,00,000. She repaid Rs. 2,00,000 which includes Rs. 50,000 as interest amount to LIC. Maximum allowable deduction u/s 80 C will be Show Answer

Q30) Mr. Raghu made the following investments-
a. Subscription to NSC - 40,000.
b. Contribution to National housing Bank - 20,000.
c. Subscription to notified bonds of NABARD - 30,000.
d. Deposit in senior citizen saving scheme - 40,000.
e. Investment in 5 years PO time deposit - 20,000.
What will be the maximum allowable deduction u/s 80? Show Answer

Q31) Mr. A, aged 40 years has earned a lottery income of Rs. 1,20,000 (gross) during the Previous Year 18-19. He also received interest on FD of Rs. 30,000. He invested an amount of Rs. 10,000 in PPF and Rs. 24,000 in NSC. What is the amount of deduction available u/s 80C to Mr. A Show Answer

Q32) Puru Jalan HUF made contribution of Rs. 10,000 for annuity plan of LIC. Deduction admissible u/s 80CCCto HUFwill be Show Answer

Q33) Contribution to Atal Pension Yojana by employee is available as deduction u/s 80CCD. But it is restricted to Show Answer

Q34) Employer contributed Rs. 25,000 and employee contributed Rs. 30,000 to Recognized Provident Fund. Deduction u/s 80C will be Show Answer

Q35) Contribution made by employee is Rs. 50,000 to Atal Pension Yojana for FY18-19 and contribution made by employer to Atal Pension Yojana is Rs. 40,000. Salary of employee is Rs. 8,00,000. Deduction u/s 80CCD will be Show Answer

Q36) Mr. Rajveer, an employee of Hindustan Unilever Ltd received Rs. 50,000 from NFS Trust on account of closure of his accounts. Exemption amount will be Show Answer

Q37) Any payment from NFS Trust to an employee under the pension scheme referred to in Sec 80CCD on partial withdrawal made shall be exempt from tax to the extent it does not exceed of the amount of contribution made by him Show Answer

Q38) Deduction u/s 80D for senior citizen aged 60 years or more is available up to Show Answer

Q39) Nilesh made a payment of medical insurance premium of Rs. 30,000 for self in cash. Deduction u/s 80D will be Show Answer

Q40) Medical insurance premium of Rs. 70,000 was paid by Mr. Himanshu Nayak aged 65 years. Deduction u/s 80D will be Show Answer

Q41) HUF incurred medical expense of Rs. 35,000 on a member, resident aged 65 years. Deduction admissible u/s 80D to HUF will be Show Answer

Q42) Mr. Nitin Gadkari incurred Rs. 50,000 as medical expense for his parents (Non-Resident) aged 66 years. Deduction admissible u/s 80D will be Show Answer

Q43) Mr. Narendra Modi aged 32 years paid Rs. 60,000 as medical insurance premium for himself on 01/04/18 for 2 years. Deduction admissible in FY 18-19 and FY 19-20 u/s 80D will be Show Answer

Q44) Krishna paid Rs. 55,000 as medical insurance premium for father aged 65 years and Rs. 30,000 for mother aged 62 years. Deduction allowable u/s 80D will be Show Answer

Q45) Quantum of deduction u/s 80DD is Rs. And in case of severe disability, the deduction shall be Show Answer

Q46) Mr. X, aged 40 years took a loan from bank for paying his daughter B's school fees for MBA in USA on 01/04/16. Interest paid for FY 18-19 is Rs. 90,000. Whether any deduction is available under Chapter Vl-A. Show Answer

Q47) Mr. Sumit Rathi has taken education loan for himself on 01/04/18 -
Amount of loan Rs. 5,00,000.
Annual repayment of loan Rs. 1,00,000.
Annual repayment of interest Rs. 20,000.
Amount deductible u/s 80E for FY 18-19 will be Show Answer

Q48) During Previous Year 18-19 ABC Ltd, an Indian Company, contributed a sum of Rs. 2,00,000 to electoral trust and incurred expenditure of Rs. 25,000 on advertisement in a brochure of political party. What will be the amount of deduction u/s 80GGB. Show Answer

Q49) Aarosh contributed Rs. 10,000 by way of cash to a political party and Rs. 5,000 to electoral trust by cheque. Deduction available u/s 80GGC will be: Show Answer

Q50) Where the GTS of an assessee includes any profits and gains derived from the business of developing and building housing projects, amount equal to _____ of PGBP is allowable as deduction u/s 80IBA Show Answer

Q51) Which of the following conditions need to be fulfilled for claiming deduction u/s 80IBA i.e. deduction with respect to profits from housing projects? Show Answer

Q52) In order to claim deduction u/s 801 BA i.e. deduction with respect to profits and gains from housing projects the carpet area of shops other commercial establishment included in housing project does not exceed ________% of aggregate carpet area. Show Answer

Q53) Mr. A gave to Mr. B his plot of land in order t& construct building for sale, therefore B is works contractor who will develop housing project on behalf of Mr. A for FY 18-19, profit of Mr. B is Rs. 50,00,000. Deduction available u/s 80IBA will be Show Answer

Q54) State whether true or false.
“Assessee engaged in business of collecting and processing biodegradable waste is eligible for deduction of 100% of profits for only 1st five years u/s 80JJA.” Show Answer

Q55) As per 80JJAA where GTI of an assesses to whom Sec 44AB applies, incudes any profits and gains derived from business, deduction of an amount equal to _______ additional employee cost will be available. Show Answer

Q56) Which of the following are the conditions for applicability of Sec 80JJAA? Show Answer

Q57) Additional employee u/s 80JJAA excludes which of the following from its definition Show Answer

Q58) SBI a scheduled bank has an off shore banking unit in SEZ. It is in its sixth year of operation. Profit from this offshore business is Rs. 17,00,000. Deduction u/s 80LA eligible in Previous Year 18-19 will be Show Answer

Q59) A co-operative society engaged in cottage industry earned profit of Rs. 38,00,000. Deduction available u/s 80P will be Show Answer

Q60) Cooperative society (not a consumer co-operative society) engaged in the business of printing and packaging earned profit of Rs. 4,00,000. Deduction u/s 80P will be Show Answer

Q61) as per Sec 80PA, Farm Producer Companies having a total turnover of less than Rs. in any Previous Year is eligible for deduction with respect to profits and gains derived from eligible business Show Answer

Q62) Quantum of deduction with respect to 80PA i.e. profits from farm producer companies is eligible for deduction for PY18-19 Show Answer

Q63) Miss Megha, a resident author got royalty of Rs. 5,60,000 for her book on scientific topic. Total income of Miss Megha for FY18-19 will be Show Answer

Q64) Sec 80TTA i.e. deduction with respect to interest on deposits in savings accounts is applicable to Show Answer

Q65) Quantum of deduction with respect to Sec 80TTA i.e. deduction with respect to interest on deposits in savings accounts is Show Answer

Q66) Deduction u/s 80TTA is allowed only when savings account is maintained with Show Answer

Q67) Mr. Harsh Shah aged 65 years earned following interest -
(i) Interest on savings bank account Rs. 12,000.
(ii) Interest on FD Rs. 15,000.
(iii) Interest on time deposits Rs. 10,000.
Deduction available u/s 80TTB to Mr. Harsh will be- Show Answer

Q68) Sec 80U i.e. deduction in case of person with disability is applicable to Show Answer

Q69) Quantum of deduction u/s 80U i.e. deduction in case of person with disability is Show Answer

Q70) Deduction under Sec 80P is not available to which of the following Show Answer

Q71) Mr. Nandi pays a rent of Rs. 5,000 p.m. His total income is Rs. 2,80,000 (i.e. GTI as reduced by deduction under Chapter Vl-A except Sec 80GG). He is also in receipt of HRA. He would be eligible for a deduction u/s 80GGof an amount of Show Answer

Q72) U/s 80GGB, deduction is allowable in respect of contribution to political parties by Show Answer

Q73) As per Sec 80CCE, Rs. 1,50,000 is the maximum qualifying limit for deduction under Show Answer

Q74) The maximum possible amount of deduction u/s 80D is- Show Answer

Q75) The following is not allowed as deduction u/s 80TTA - Show Answer

Q76) The maximum amount of deduction u/s 80U allowed to a person with 80% or more of one or more disabilities is - Show Answer

Q77) An Indian resident patentee is entitled to a deduction u/s
80RRB to the extent of -
Show Answer

Q78) Sahil works in a technology company. On 1st January, 2021, he took a loan of Rs.2,40,000 from his company for the education of his daughter. During the year 2022-23, he paid an interest of Rs.26,000 towards the said loan and repaid principal component of Rs.10,000. The deduction that he can claim under section 80E would be- Show Answer

Q79) Under the Income-tax Act, 1961, which of the following can claim deduction for any sum contributed during the previous year to a political party or electoral trust-
Show Answer

Q80) Deduction in respect of donations to National Defence Fund is allowed under section- Show Answer

Q81) Which of the following cannot claim deduction for the loan taken to purchase a house property-
Show Answer

Q82) A partnership firm whose sales turnover is Rs.90 lakh has derived income from an industrial undertaking entitled to deduction under Section 80-IB. The due date for filing the return of income for the assessment year 2023-24 will be- Show Answer

Q83) Monetary limit for deduction in respect of royalty on patents received by a resident individual is: Show Answer

Q84) An individual has made investments in the schemes approved under section 80C of 2,50,000 during the year ended 31st March, 2023. Amount that can be claimed by him as deduction out of income in assessment year 2023-24 is- Show Answer

Q85) Raghu's father is dependent on him and suffering with 90% disability. Raghu has incurred an amount of Rs.72,500 in maintaining and medical treatment of his father. The deduction he can claim in his income-tax return for assessment year 2023-24 is: Show Answer

Q86) Bharat, engaged in business, claimed that he paid Rs.10,000 per month by cheque as rent for his residence. He does not own any residential building. His total income computed before deduction under section 80GG is 3,40,000. The amount he can claim as deduction under section 80GG is- Show Answer

Q87) Rajan paid Rs 25,000 to LIC of India for the maintenance of his disabled son and incurred Rs 15,000 for the treatment of his handicapped wife who is working in State Bank of India. The deduction allowable to him under section 80DD is- Show Answer

Q88) Deduction in respect of interest on savings accounts under section 80TTA shall be allowed with respect to savings account with - Show Answer

Q89) Deduction under section 80C can be claimed for fixed deposit made in any scheduled bank, if the minimum period of deposit is- Show Answer

Q90) The construction of a house was completed on 31st January, 2023. The owner of the house took a loan of 20,00,000 @ 6% p.a. on 1st May, 2022. In this case the deduction allowable for the previous year 2022-23 towards interest on borrowings is - Show Answer

Q91) In case of which of the following co-operative society, the deduction under section 80P is restricted to Rs 1,00,000- Show Answer

Q92) When a person suffers from severe disability, the quantum of deduction allowable under section 80U is- Show Answer

Q93) Under section 80QQB, the maximum deduction in respect of royalty is allowed upto - Show Answer

Q94) An amount upto a maximum of Rs.10,000 is deductible under section 80TTA from the gross total income of -
Show Answer

Q95) Varun incurred medical expenditure of Rs.12,000 towards cataract surgery of his mother (aged 70 years). She also underwent a minor surgery for which he incurred an expenditure of 26,000. Deduction under section 80D will be- Show Answer

Q96) Deduction available under section 80GG in respect of rent paid cannot be more than - Show Answer

Q97) Raghunath repaid during previous year 2022-23 education loan of Rs.60,000 and interest on education loan of Rs.18,000 taken from Punjab National Bank for his son to pursue MS in Germany. The loan was taken in the financial year 2014-15 and the payment commenced from financial year 2015-16. The amount eligible for deduction under section 80 E for the assessment year 2023-24 is: Show Answer

Q98) Shravan engaged in business paid monthly rent of Rs.5,000 by cheque for his residence during the previous year 2022-23. His adjusted total income is Rs.3,40,000. The amount eligible for deduction under section 80GG is: Show Answer

Q99) Deduction under section 80G on account of donation is allowed to:
Show Answer

Q100) Mr. Uday is a resident individual having patent registered on 01-07-2014 under the Patents Act, 1970. He received Rs.5 lakhs by way of royalty from ABC Ltd. during the financial year 2022-23. The quantum of royalty eligible for deduction would be: Show Answer

Q101) Mr. Veer earns monthly rental income of Rs.60,000 from a house property. He suffers from severe disability and has obtained certificate from the prescribed medical authority. He has not incurred any expenditure towards treatment of severe disability. His total income chargeable to tax after deduction under Section 80U would be: Show Answer

Q102) Mr. Mithun acquired a house property for Rs.8 lakhs and paid stamp duty and registration fee of Rs.80,000. He borrowed housing loan and repaid principal of Rs.60,000 and interest of Rs.20,000. The amount eligible for
deduction under Section 80C would be: Show Answer

Q103) Mr. Baskar a person with disability referred to in Section 80U is employed in a bank. He paid Rs 50,000 as premium on life insurance policy taken on himself and whose sum assured is Rs 4 lakhs. The amount of premium eligible for deduction under Section 80C would be: Show Answer

Q104) Mr. Anand engaged in business wants to deposit in pension fund of Life Insurance Corporation of India. The maximum amount of contribution eligible for deduction from total income is: Show Answer

Q105) Sudhan Ltd. incorporated in April 2022 commenced commercial production from 01-06-2022. It deployed 100 employees who were employed for 260 days during the year and recruited 50 casual workmen who were employed for 100 days during the financial year 2022-23. The salary paid to 100 employees was Rs.25 lakhs and salary paid to casual workmen was Rs.6 lakhs. The quantum of deduction under Section 80JJAA
is: Show Answer

Q106) Mr. Rath borrowed loan of Rs.10 lakhs for higher education in India in the year 2011-12. He completed the course study in 2014-15. He started repayment of the loan from April 2016. He paid interest of Rs.41,000 and principal of Rs.1,20,000 during the financial year 2022-23. The amount eligible for deduction under Section 80E would be: Show Answer

Q107) Mr. Ganesh gave donation by way of cheque of Rs.40,000 and by cash Rs.5,000 to an approved charitable trust having recognition under Section 80G. His gross total income for the assessment year 2023-24 is Rs.5 lakhs. The quantum of deduction under Section 80G would be: Show Answer

Q108) Deduction u/s 80C from the gross total income of an amount equal to the eligible investment made subject to a maximum amount of 1,50,000 is allowed to the assessee who is:
Show Answer

Q109) 50% deduction of the eligible amount is allowed u/s 80CCG, provided some of the conditions out of the following are to be fulfilled:
(i) The assessee is a resident Individual
(ii) The gross total income does not exceed 12 lakh
(iii) He has acquired listed shares or listed units of an equity oriented funds in accordance with a notified scheme
(iv) The investment is locked in for a period of 3 years from the date of acquisition in accordance with the equity oriented scheme Show Answer

Q110) An assessee can avail the deduction in respect of rent paid u/s 80GG of the Act subject to a maximum amount of: Show Answer

Q111) The profits of a co-operative society engaged in (i) Carrying out the business of banking, (ii) A cottage industry and (iii) Collective disposal of labours of its member are eligible for deduction u/s 80P up-to Show Answer

Q112) Maximum amount of deduction (in terms of Rs) in the case of an individual who is resident in India, a patentee and in receipt of income by way of royalty in respect of a patent registered on or after first day of April, 2003 under the Patents Act, 1970 is allowed:

Show Answer

Q113) An assessee is not eligible to claim any relief under section 89 of Income Tax Act, 1961, when he is in receipt of income as arrears or in advance during the previous year from his employer:
Show Answer

Q114) SJG Ltd., a manufacturer of leather goods in a factory located at Noida having an annual turnover of 50 crore. The company during the year, employed 200 new regular workers in the factory, which was 20% of the existing work-force employed on the last day of the preceding year. It paid 30 lakh to the new workers during the year as additional wages. All workmen were employed from 1st May, 2022. The eligible amount of deduction which the company can claim under section 80 JJAA of Income- Tax Act, 1961 is: Show Answer

Q115) The quantum of deduction available to offshore Banking Units under section 80LA of Income-Tax Act, 1961 located in Special Economic Zone (SEZ) and satisfying all conditions from the Gross Total Income is:
Show Answer

Q116) Which of the undermentioned incomes of a Co-operative Society is not eligible for deduction under section 80 P of the Income Tax Act, 1961 when the gross total income of the society exceeds Rs.20,000? Show Answer

Q117) Nargis during the previous year 1st April, 2022 to 31st March, 2023 had donated the amount of Rs 50,000 each in Africa Fund, National Children Fund, National Illness Assistance Fund and further amount of Rs 30,000 in Rajiv Gandhi Foundation. The amount of deduction eligible to be claimed by her as per section ____ in A.Y. 2023-24 shall be of ____ Show Answer

Q118) The Patna High Court following the decision laid down by the Bombay High Court in the case of Mahindra Sintered Products Ltd. held that to claim special deduction u/s 80 J, the assessee has to establish the fact/facts relating to
Show Answer

Q119) A resident individual can avail the benefit of rebate of Rs.12,500 or 100% of Income Tax whichever is less under section 87A of Income Tax Act, 1961 for the assessment year 2023-24 on fulfilling the condition that total income does not exceed: Show Answer

Q120) Contribution made or given other than by way of cash by an Indian company in the previous year to any political party or to an electoral trust shall be allowed as deduction while computing its total income under section 80 GGB of Income Tax Act, 1961 of an amount maximum or upto: Show Answer

Q121) ABC Limited fulfilling all the conditions of operating different infrastructure facilities for claiming deduction u/s 80-IA. Find which are being not covered under infrastructure facility out of the following:
Show Answer

Q122) The profits of a Co-operative Society engaged in (i) Carrying out the business of banking, (ii) A cottage industry and (iii) Collective disposal of labour of its members are exempt from tax as per section 80P up-to:
Show Answer

Q123) Pankaj, fulfilling all the prescribed conditions for claiming deduction under section 80GG having adjusted total income of Rs.1,84,000 before providing such deduction and was paying rent in respect of residential accommodation occupied by him at Delhi @ Rs.4,800 p.m. He is entitled to claim the deduction for the house rent so paid in assessment year 2023-24 while computing his taxable income of an amount of Show Answer

Q124) Babu Lal authored a book which is covered as per provision of section 80QQB and received an amount of royalty of Rs.2,00,000 @ 20% during the year ended 31.3.2023. He had incurred an expenditure of Rs.30,000 for earning the amount of royalty of ₹ 2,00,000. The entire royalty was received by him from abroad and amount of Rs.1,10,000 out of the royalty amount shall be remitted to India till 30.09.2023. He can claim deduction out of such royalty income in assessment year 2023-24 for an amount of ....... Show Answer

Q125) Which of the following condition is not applicable for allowance of deduction for start-ups under section 80-IAC of the Act? Show Answer

Q126) Deduction in respect of profits and gains from certain newly undertaking other than Infrastructure Development Undertaking as per section 80-IB is allowed to an assessee whose gross total income includes profits & gains derived from which of the following business?
(i) Cold chain facility for agriculture produce (ii) Hotel
(iii) Hospital anywhere in India
(iv) Production of Mineral-oil Show Answer

Q127) Ankita gave a donation on 15.8.22 of Rs.1,00,000 to PM Cares Fund by way of RTGS transfer, on 11.9.22 of Rs.25,000 to Rajiv Gandhi Foundation by account payee cheque and on 21.2.23 a cash donation of Rs.11,000 to a public charitable trust. The deduction allowable under section 80G for the various donations given during the year out of the GTI for A.Y. 2023-24 for filing return of income would be: Show Answer

Q128) Narendra has purchased a house in Ajmer for self-residence on 10.04.2022 for Rs 45 lakh. (Stamp duty value also the same). The house was purchased with assistance of bank loan which was sanctioned on 25.03.2022 and disbursed on 05.04.2022. Narendra has paid interest of Rs 4.26 lakhs on such loan during the P.Y. 2023-24. State the treatment of interest paid by him be given for claiming deduction as per provisions of Act, while filing return of Income for A.Y.2023-24: Show Answer

Q129) Rajesh pays a rent of Rs 8,000 p.m. His total income is Rs 6,00,000 for the financial year 2022-23 (i.e., Gross total income is reduced by deduction under chapter VIA except section 80GG). He is also in receipt of HRA. He would be eligible for a deduction under section 80GG of an amount of ...... for the Assessment Year 2023-24 ? (Assessee has not opted for section 115BAC). Show Answer

Q130) Sudha has to pay Rs.1,20,000 to the co-operative society annually against the house allotted to her by society. She initially paid a sum of Rs.3,00,000 to become a member of the housing co-operative society during the previous year 2022-23. The term of the payment was for 15 years. The amount allowed to be deducted u/s 80C for the previous year 2022-23 will be: Show Answer

Q131) Deduction u/s 80C in respect of life insurance premium is restricted to ..... of capital sum assured in respect of policies issued on before 31st March, 2012 and ........ of capital sum assured in value of policies taken on or after 1st April, 2012. Show Answer

Q132) Where an assessee has not exercised option u/s 115BAC, deduction under section 80EEB is allowed to an individual on account of interest payable on loan taken by him from any financial institution for the purpose of purchase of an electric vehicle subject to maximum of Rupees: Show Answer

Q133) Where an assessee has not exercised option u/s 115BAA, 115BAC or 115BAD, deduction u/s 80IBA, shall be allowed if the carpet area of the shops and other commercial establishments include in the housing project does not exceed: Show Answer

Q134) Deduction u/s 8OTTB of Income Tax Act, 1961, shall be allowed if the Total Income includes: Show Answer

Q135) Gross total income means the total income computed in accordance with the provisions of the Income Tax Act, 1961 before making -
Show Answer

Q136) Deduction u/s 80C in respect of LIP, contribution to provident fund, etc., is allowed to:
Show Answer

Q137) Deduction under section 80C is allowed from:
Show Answer

Q138) For claiming Deduction u/s 80C for Life Insurance Premium if the payment is made by the assessee for his child, then the child:
Show Answer

Q139) For claiming deduction u/s 80C, Life Insurance Premium may be paid by the assessee for: Show Answer

Q140) Deduction u/s. 80C is allowed to the maximum of:
Show Answer

Q141) In case of HUF, Deduction u/s 80C in respect of Life Insurance Premium shall be allowed for:
Show Answer

Q142) An assessee has paid Life Insurance Premium of Rs.25,000 during the previous year for a policy of Rs.1,00,000. He shall:
Show Answer

Q143) For claiming Deduction u/s 80C in respect of P.P.F. the contribution must be paid by the individual in the P.P.F. account of:
Show Answer

Q144) For claiming Deduction u/s 80C by an individual in respect P.P.F. contribution of any child, the child should be:
Show Answer

Q145) For claiming Deduction u/s 80C in respect of ULIP by an individual, the contribution can be paid by the individual for:
Show Answer

Q146) For claiming Deduction u/s 80C in respect of National Saving Certificates
of VIII issue, the NSC should be acquired by the individual in:
Show Answer

Q147) For amount subscribed to National Savings Scheme 1992, the individual shall be allowed Deduction u/s 80C for amount deposited:
Show Answer

Q148) The Annual Interest accrued on NSCS VIII issue shall be: Show Answer

Q149) For claiming deduction u/s 80C, the payment or deposit should be made: Show Answer

Q150) Deduction under section 80C shall be allowed for:
Show Answer

Q151) Deduction under section 80C for tuition fee shall be allowed if such fee is paid to:
Show Answer

Q152) Deduction under section 80C for tuition fee shall be allowed for the purposes of:
Show Answer

Q153) Deduction u/s 80C for Tuition Fee is allowed to:
Show Answer

Q154) Deduction under section 80C in respect of tuition fee is allowed to an individual for:
Show Answer

Q155) Deduction under section 80C in respect of tuition fee is allowed to the maximum extent of:
Show Answer

Q156) Deduction in respect of contribution for annuity plan to certain Pension
Fund u/s 80CCC is allowed to: Show Answer

Q157) Amount received from the surrender of annuity plan or amount received
as pension from the annuity plan by the assessee or his nominee shall be:
Show Answer

Q158) The maximum amount of deduction under section 80CCC is Show Answer

Q159) The aggregate amount of deduction under section 80C, 80CCC and 80CCD(1) shall not exceed - Show Answer

Q160) Deduction under section 80D in respect of Medical Insurance Premium
is allowed of:
Show Answer

Q161) Deduction u/s 80D is allowed if the premium is paid to: Show Answer

Q162) The payment for Insurance Premium under section 80D should be paid: Show Answer

Q163) Under section 80DD, meaning of dependent includes -
Show Answer

Q164) Deduction under section 80E shall be allowed in respect of amount paid by way of interest on loan taken from:
Show Answer

Q165) Deduction u/s 80DD in respect of maintenance including medical treatment of dependent being a person with disability shall be allowed to:
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Q166) Deduction u/s 80DDB in respect of medical treatment for specified
ailment or disease is allowed to:
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Q167) Deduction u/s 80DDB shall be allowed for medical treatment of specified ailment or disease is allowed to:
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Q168) Deduction under section 80DDB shall be allowed for a sum of: Show Answer

Q169) Deduction u/s 80E in respect of repayment of loan taken for higher education shall be allowed to:
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Q170) For claiming deduction u/s 80E loan should be taken for doing: Show Answer

Q171) Deduction u/s 80E is allowed for repayment of interest to the extent of: Show Answer

Q172) Deduction under section 80E for repayment of interest on loan is allowed for:
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Q173) Deduction u/s 80G on account of donation is allowed to:
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Q174) Deduction in respect of rent paid u/s 80GG is allowed to: Show Answer

Q175) Deduction u/s 80GGA in respect of certain donation for scientific research or rural development is allowed to:
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Q176) Deduction u/s 80GGA shall be allowed to the extent of:
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Q177) Deduction u/s 80-IA in respect of Profits and Gains from infrastructure facility is allowed to an enterprise which is owned by:
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Q178) Deduction u/s 80-IA in respect of an undertaking which is engaged in providing telecommunication service, etc. is allowed if it is owned by: Show Answer

Q179) Deduction to undertaking which develops, maintains, etc. any industrial park is allowed if such undertaking is owned by:
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Q180) Deduction u/s 80-IA for any undertaking or enterprise engaged in the development of infrastructure facility shall be allowed to the extent of:
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Q181) Deduction u/s 80-IB in respect of an industrial undertaking established in a backward state or district of category A shall be allowed:
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Q182) Deduction u/s 80-IB in respect of an industrial undertaking established in a district of category B shall be allowed:

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Q183) Deduction under section 80-IB in respect of a hotel located in a hilly area or rural area or a place of pilgrimage shall be allowed to the extent of: Show Answer

Q184) Deduction from the profits of any hotel other than specified hotel established in any area other than Delhi, Mumbai, Chennai and Calcutta shall be allowed to the extent of:
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Q185) Deduction under section 80-IB in respect of specified or other hotel shall be allowed to:
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Q186) Deduction under section 80-IB for enterprises carrying on scientific and he industrial research and development is allowed in case of: Show Answer

Q187) The quantum of deduction in case of an enterprises carrying on scientific and industrial research and development it shall be allowed to the extent of:
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Q188) Deduction u/s 80-IB in case of an undertaking engaged in commercial production or referring or mineral oil in any part of India is allowed to the
extent of: Show Answer

Q189) Deduction u/s 80-IB in case of undertaking engaged in housing project shall be allowed provided the resident unit has a built up area of:
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Q190) Deduction u/s 80JJA in resident of profits and gains from business of collecting and processing of the degradable work is allowed to the extent
of:
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Q191) Deduction u/s 80JJAA in respect of employment of a new workers shall
be allowed to:
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Q192) Deduction u/s 80U in case of permanent physical disability (including blindness) allowed to:
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Q193) The quantum of deduction allowed u/s 80U is:
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Q194) Deduction u/s 80U shall be allowed only when the assessee is suffering from a permanent disability:
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