Income Tax Act Deductions Quiz

Which of the following sections of the Income Tax Act deals with deductions for donations to certain funds, charitable institutions, etc.?

• Section 80G

• Section 80IA

• Section 80IB

• Section 80JJAA

Which section provides deductions for contributions made by companies to political parties?

• Section 80G

• Section 80GGB

• Section 80GGC

• Section 80IB

Under which section can individuals claim deductions for contributions to political parties?

• Section 80G

• Section 80GGB

• Section 80GGC

• Section 80IE

Which section of the Income Tax Act provides for deductions for profits and gains from infrastructure undertakings?

• Section 80G

• Section 80IA

• Section 80IB

• Section 80P

Section 80IAB provides deductions for which of the following?

• Infrastructure undertakings

• Special Economic Zones (SEZ)

• Agricultural income

• Co-operative societies

Which section provides deductions for profits and gains of eligible startups?

• Section 80IA

• Section 80IAB

• Section 80IAC

• Section 80IB

Deductions for certain housing projects are covered under which section?

• Section 80IA

• Section 80IBA

• Section 80IB

• Section 80P

Section 80ID offers deductions for which type of businesses?

• Infrastructure development

• Special Economic Zones

• Hotel and convention centers in specified areas

• Co-operative societies

Which section provides deductions for profits and gains from specified businesses in the North-Eastern states?

• Section 80IE

• Section 80IA

• Section 80IAB

• Section 80IB

Under Section 80JJA, deductions are available for which of the following activities?

• Developing and building housing projects

• Collecting and processing bio-degradable waste

• Manufacturing and production

• Developing Special Economic Zones