Match the following provisions of the Income-tax Act, 2025 with their purposes: ProvisionPurpose 1.…
Section 130 concerns eligible residential housing-loan interest, while section 123 read with Schedule XV covers qualifying pension annuity contributions. Section 136…
Choose your answer
Match the following provisions of the Income-tax Act, 2025 with their purposes:
| Provision | Purpose |
|---|---|
| 1. Section 130 | i) Contribution to a qualifying pension annuity plan |
| 2. Section 123 read with Schedule XV | ii) Contribution by an Indian company to political parties |
| 3. Section 136 | iii) Interest on loan for a residential house |
| 4. Section 134 | iv) Rent paid for residential accommodation |
Answer and explanation
Correct answer D
Section 130 concerns eligible residential housing-loan interest, while section 123 read with Schedule XV covers qualifying pension annuity contributions. Section 136 concerns political contributions by Indian companies, and section 134 concerns qualifying residential rent payments.
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Telangana SET (TG SET)