For tax year 2026-27, under the Income-tax Act, 2025, where the deduction is available and all…
The allowable deduction is 100% of the qualifying contribution. Section 45(3) of the Income-tax Act, 2025 allows the sum paid for scientific research to the eligible…
Choose your answer
For tax year 2026-27, under the Income-tax Act, 2025, where the deduction is available and all prescribed conditions are met, a contribution to an approved university, college or institution for scientific research is deductible at what percentage of the amount paid?
Answer and explanation
Correct answer D
The allowable deduction is 100% of the qualifying contribution. Section 45(3) of the Income-tax Act, 2025 allows the sum paid for scientific research to the eligible university, college or institution, subject to the approval and documentation conditions.
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Gujarat SET (GSET)