Leaving aside any concessional tax regime the taxpayer may have chosen, to which assessees is the deduction under section 133 of the Income-tax Act, 2025 for donations to the Prime Minister's…
Question and options
Leaving aside any concessional tax regime the taxpayer may have chosen, to which assessees is the deduction under section 133 of the Income-tax Act, 2025 for donations to the Prime Minister's National Relief Fund available?
Individuals and Hindu undivided families
Individuals, HUFs, firms and companies alike
Assessees having business income
Resident individuals
Answer and explanation
Section 133(1) opens with 'in computing the total income of an assessee', so any assessee, including a firm or a company, may deduct qualifying donations to listed funds such as the Prime Minister's National Relief Fund. The restriction to individuals and Hindu undivided families belongs to section 123, not to the donations deduction.
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