Income Tax Law & Practice-II

Maximum deduction allowed in respect of LIP, contribution to PF etc. u/s 80C

• A) 125000

• B) 175000

• C) 150000

• D) None of the above

Full form of NSC in deduction from gross total income

• A) National saving certificate

• B) National saving circle

• C) National service commission

• D) None of the above

Gross total income has been defined u/s …….

• A) Sec 80A(1)

• B) Sec 80(1)

• C) Sec 80u

• D) None of the above

Who is eligible for deduction in respect of contribution to certain penson funds u/s 80CCC

• A) HUF

• B) Individual

• C) Firms

• D) None of the above

Deduction in respect of investment made under rajiv Gandhi equity saving scheme comes u/s

• A) 80CCC

• B) 80CGC

• C) 80CCG

• D) None of the above