As of November 2026, which combination of income heads can an assessee have in tax year 2026–27 and…
Section 135 allows the qualifying deduction for an assessee whose gross total income consists of salary and income from house property. Each other combination includes…
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As of November 2026, which combination of income heads can an assessee have in tax year 2026–27 and still qualify for a scientific-research donation deduction under section 135 of the Income-tax Act, 2025? Assume all other conditions are met.
Answer and explanation
Correct answer B
Section 135 allows the qualifying deduction for an assessee whose gross total income consists of salary and income from house property. Each other combination includes income chargeable under the head of profits and gains of business or profession, which excludes the assessee from the deduction under this section.
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Himachal Pradesh SET (HP SET)