Deductions from Gross Total Income – Test 1 – Test 1

The Total income after deduction under Chapter VI-A cannot be

As per _____ if deduction is allowed to AOP or BOI for the purpose of Chapter VI-A, deduction will not be allowed to the members of AOP/BOI in respect of that payment

As per section 80A(6), profits/gains of a business needs to be recomputed, if inter unit trasnfer is not ade at

Which of the following deductions cannot be availed, if the return is not filed on or before the due date specified u/s 139(1)?

Which of the following assessees are allowed deduction u/s 80C “Deductions for Life Insurance premium, provident fund contribution etc.”?

The maximum deduction allowed u/s 80C, in respect of certain contribution, to individual aged 45 years is ?

Deduction u/s 80C is not available, where the amount paid by an individual for insurance, is on the life of

Sunil took an insurance policy with a capital sum assured of Rs.50 lakhs. The amount of eligible deduction for premium paid on insurance policy, other than contract of deferred annuity for policy issued on or after 1.4.2012 is

Deduction u/s 80C is available, when amount has been

Deduction u/s 80C is not available from

How much deduction u/s 80C is available to Ram, who has paid Rs.2,00,000 for life insurance of dependent parents ?

Deduction u/s 80CCD is allowed to an individual assessee who is employed by either any employer or

The maximum deduction available u/s 80CCD (IB) in respect of contribution to pension scheme of Central Government is lower of actual amount paid for

________ Pension Yojna has been notified u/s 80CCD(II).

What is the maximum ceiling for deduction u/s 80CCE in respect of deduction u/ss 80C, 80CCC and 80CCD ?

X Limited employed Pratyush and contributed certain amount to his pension fund. The maximum amount of deduction allowed u/s 80CCD(2) with respect to X Ltd’s contribution is

Total Income of Mr.Anuj who is self-employed is Rs.7,50,000. He deposited Rs.60,000 in pension scheme of Central Government, deposited Rs.1,00,000 in PPF and Rs.75,000 in life insurance policy. What is the taxable income of Mr.Anuj ?

________ covers deduction in respect of medical insurance premium

Deduction u/s 80D is available for medical insurance premium paid in respect of

The ceiling for deduction u/s 80D for sole contribution made to Central Government Health Scheme is

The payment for insurance premium u/s 80D should be paid

The maximum deduction allowed for preventive health check-up u/s 80D is

The maximum deduction allowable u/s 80EE for interest on loan for house property from financial institution for AY 2019-20 is

Shyam Kumar, aged 75 years, paid medical insurance premium of Rs.34,000 by cheque  and Rs.3,000 by cash during June, 2018 under a Medical Insurance Scheme of the General Insurance Corporation. The above sum was paid for insurance of his own health. He would be entitled to a deduction u/s 80D of a sum of

What is the the maximum deduction available u/s 80DD for maintenance of a person with normal disability ?

What is the maximum deduction available u/s 80DD for maintenance of a person with severe disability ?

Deduction u/s 80DD is available to

As per section 80DDB, deduction can be claimed, if expenditure has been actually incurred for medical treatment of

Deduction u/s 80DDB is allowed upto ______________ or actual amount paid, whichever is lower

Deduction u/s 80DDB, for senior citizen is allowed upto ____________ or actual amount paid, whichever is less

Section 80E deals with

Deduction u/s 80E for interest on loan taken for higher studies is allowed in ____starting from the assessment year in which assessee starts paying interest on loan or until interest is paid, whichever is earlier.

To avail the deduction u/s 80E, loan must have taken from

Deduction u/s 80E is available in respect of interest paid on loan taken for higher education of

Deduction u/s 80E in respect of loan for higher education is available, where the interest is

As per section 80EE, the amount of loan sanctioned  for acquiring the house property shall not exceed

As per section 80EE, the value of residential property should not exceed

The maximum deduction allowed u/s 80EE in respect of interest on loan for house property is

Deduction u/s 80EE in respect of interest on loan for house property is allowed, when the interest is

R took a loan from financial institution for the purpose of acquiring a residential house property and the loan was sanctioned by the financial institution on 01.10.2017. He is eligible for deduction on interest under

Deduction u/s 80G in respect of donation of a sum is available to

Deduction for cash donation u/s 80G is allowed when it is made for a maximum amount of

Which of the following donation is/are allowed as a deduction u/s 80G?

Which of the following donation/s is/are not eligible for 100% deduction without any qualifying limit ?

Rajnish made a donation of Rs.1,00,000 to Swachh Bharath Kosh set up by the Central Government. How much deduction he can avail u/s 80G?

Anaya made a donation of Rs.50,000 for repair of temple which has been notified by the Central Government to be of historic importance. Compute the deduction available to Anaya u/s 80G ?

The maximum deduction which can be availed u/s 80GG towards rent paid is

The quantum of deduction available u/s 80GG in respect of rent paid is minimum of :

(i) Excess of rent paid over 10% of Adjusted Total Income

(ii) 15% of total rent paid annually

(iii) Rs.5,000 per month

(iv) 25% of Adjusted Total income

How much deduction is available in respect of donations for scientific research u/s  80GGA ?

In case, deduction is allowed to assessee u/s 80GGA, and later on the approval granted to the institution is withdrawn

Deductions in respect of contribution made by companies to political parties are covered under

ABC Pvt Ltd made a contribution of Rs.2,00,000 in cash to a registered political party. Compute the amount of deduction available u/s 80GGB ?

Rahul contributed Rs.50,000 through cash to an electoral trust as donation u/s 80GGB. Compute the amount of deduction available u/s 80GGB ?

Which of the following are eligible as recipient for deduction u/s 80GGC ?

Sharan contributed Rs.85,000 through an account payee cheque to a registered political party by way of donation u/s 80GGC. Compute the amount of deduction available u/s 80GGC ?

An enterprise which starts the development or operation and maintenance of infrastructure facility on or after 1.04.2017 is entitled to deduction u/s

Which of the following is covered within the meaning of infrastructure facility for the purpose of section 80-IA ?

The deduction u/s 80-IAB is allowed to

Mihir, an individual assessee started development of a Special Economic Zone on 01.10.2018 and wants to claim deduction u/s 80-IAB. Will he be eligible for the same ?

As per section 80-IAC, deduction will be allowed to an assessee for __________ consecutive assessment years, beginning from previous assessment year when eligible start up in incorporated.

Deduction u/s 80-IAC is allowed to an assessee, being a/an ___________ which has earned profits and gains derived from the eligible business.

For the purpose of section 80-IAC, eligible assessee means a company or LLP, whose total turnover does not exceed ____________ in any of the seven previous years beginning with the previous year in which deduction under this section is first claimed.

Which one of the following state in not covered in North Eastern Region for the purpose of section 80-IB ?