Match List I with List II under Chapter VIII of the Income-tax Act, 2025 List I I. Section 134 II.…
Under Chapter VIII of the Income-tax Act, 2025: section 134 allows a deduction for rent paid for accommodation occupied for one's own residence (I-4); section 135 allows a…
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Match List I with List II under Chapter VIII of the Income-tax Act, 2025
List I
I. Section 134
II. Section 135
III. Section 136
IV. Section 137
List II
1. Deduction in respect of contribution given by companies to political parties
2. Deduction in respect of contribution given by any person to political parties.
3. Deduction in respect of certain donations for scientific research
4. Deduction in respect of rent paid
Answer and explanation
Correct answer A
Under Chapter VIII of the Income-tax Act, 2025: section 134 allows a deduction for rent paid for accommodation occupied for one's own residence (I-4); section 135 allows a deduction for certain donations for scientific research or for research in social science or statistical research (II-3); section 136 allows an Indian company a deduction for contributions, other than in cash, to a registered political party or an electoral trust (III-1); and section 137 allows a deduction for such contributions made by any assessee other than a local authority and an artificial juridical person wholly or partly funded by the Government (IV-2). (These were ss.80GG, 80GGA, 80GGB and 80GGC of the Income-tax Act, 1961.)
The correct code is therefore I-4, II-3, III-1, IV-2; each of the other codes mismatches at least one pair.
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