Deductions from Gross Total Income – Test 2

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 is 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 of LLP, whose total turnover does not exceed________ in any of the seven previous years beginning with the previous years beginning with the previous year in which deduction under this section is first claimed.

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

Deduction u/s 80-IB(9) for undertaking production or refining of mineral oil in North Eastern Region is available upto__________ of eligible profits for a period of _________ assessment years.

Deduction allowed to an undertaking owned by a company, u/s 80-IB(11A) for business of processing dairy products for first 5 years is ___ of profit and for next 5 years is __________ of profit.

Deduction allowed to an assessee, (other than a company) u/s 80-IB(11A)  for business of processing dairy products for first 5 years is____________ of profit and for next 5 years is ________ of profit.

Which of the following condition/s need not fulfilled in order to claim deduction u/s 80-IBA for profits from housing projects ?

What are the consequences u/s 80-IBA(4), if the beginning project is not completed within a period of 5 years from the date of approval  to assessee who has claimed deduction under this section ?

which of the following business is not covered as an eligible business for section 80-IE deduction ?

The amount of deduction u/s 80-IE to an eligible three star hotel is _____ of the eligible profits and allowed for a period of ________ assessment years.

The amount of deduction u/s 80JJA is ______ of profit and allowed for a period of ____________ consecutive assessment years

Which of the following is covered u/s 80JJA in respect of bio-degradable waste ?

Which of the following assessee is eligible for deduction u/s 80LA ?

Deduction allowed to a company u/s 80LA, an Ofshore Banking Unit for first 5 years is _______ of profit and for next 5 years is _______ of profit.

Which of the following condition needs to be fulfilled for claiming deduction u/s 80LA by an offshore Banking Unit ?

Deduction u/s 80P is available to an assessee being a

Which of the following co-operation entities are not eligible for deduction u/s 80P ?

Which of the following conditions must be satisfied in order to claim deduction u/s 80QQB?

The maximum deduction allowed u/s 80QQB in respect of royalty income of authors is minimum of

Mr.Ram earned royalty income on books amounting Rs.40,00,000 from outside India during the AY 2019-20 as per section 80QQB. Rs.25,00,000 is received by him on 20th August, 2019 for which he has given declaration in Form 10H. Balance amount of Rs.15,00,000 is received by him on 28th December 2019. How much deduction is available to Mr. Ram in AY 2019-20 ?

Which of the following conditions must be satisfied in order to claim deduction u/s 80RB for royalty an patents ?

The maximum ceiling for deduction u/s 80RRB for royalty on patents is

MrAman earned royalty income on patents of Rs.5,00,000 from foreign sources during the AY 2019-20 as per section 80RRB. Rs.2,00,000 is received by him on 25th May, 2019 for which he has given declaration in Form 10H. Balance amount of Rs.3,00,000 is received by him on 21st October, 2019. How much deduction is available to Mr. Aman in AY 2019-20 ?

Who is eligible for deduction u/s 80TTA ?

What is the maximum deduction available u/s 80TTA in respect of interest on deposit in saving Account ?

Who is eligible for deduction u/s 80TTB in respect of interest on deposits ?

A non-resident assessee, aged 62 years received Rs.60,000 as interest on deposits made with State Bank of India during FY 2018-19. How much deduction, can he avail u/s 80 TTB?

100% deduction is available u/s 80PA of Income-tax Act, 1961, in respect of profits from eligible business to