Match the following provisions of the Income-tax Act, 2025: List – I List – II a) Section 33 i) Capital…
The matching is a-iii, b-iv, c-ii, d-i. Section 33 deals with depreciation, Section 516 rounding, Section 11 excluded income and Section 67 capital gains.
Choose your answer
Match the following provisions of the Income-tax Act, 2025:
| List – I | List – II |
| a) Section 33 | i) Capital gains |
| b) Section 516 | ii) Exempted income |
| c) Section 11 | iii) Depreciation |
| d) Section 67 | iv) Rounding of tax |
Answer and explanation
Correct answer C
The matching is a-iii, b-iv, c-ii, d-i. Section 33 deals with depreciation, Section 516 rounding, Section 11 excluded income and Section 67 capital gains.
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Karnataka SET (KSET)