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