Income Tax And Corporate Tax - Study Mode

[#656] Interest for deferment of advance tax is covered under Section
Correct Answer

(C) 234C

[#657] For the assessment year 2019-20, deduction under Section 80G is available without any limit, but at the rate of 50% on
Correct Answer

(C) Jawahar Lal Nehru Memorial Fund

[#658] Deduction, which are permissible from gross total income are from
Correct Answer

(C) Section 80C to 80U

[#659] Agricultural income is completely exempted from income tax from the assessment year 1974-75. As per section 10(1), agricultural income earned by the taxpayer in India is exempt from tax. Agricultural income is defined under section 2(1A) of the income tax Act. As per section 2(1A), agricultural income generally means:
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(D) All of the above

[#660] In which Section of Income Tax Act, the sum received by a member from Hindu Undivided Family (HUF) will be exempted
Correct Answer

(C) 10(2)