Match the items of List I with the corresponding provisions of the Income-tax Act, 2025 in List II.…
PPF contributions correspond to section 123 and donations to the National Defence Fund to section 133. Section 139 addresses SEZ developers, while section 141 carries…
Choose your answer
Match the items of List I with the corresponding provisions of the Income-tax Act, 2025 in List II.
| List I | List II |
|---|---|
| A. Amount deposited in PPF | i. Section 141 |
| B. New Industrial Undertaking located in industrially backward state or district | ii. Section 133 |
| C. Contribution to National Defence Fund | iii. Section 139 |
| D. Profit and gains by an undertaking engaged in the development of SEZ | iv. Section 123 |
Answer and explanation
Correct answer A
PPF contributions correspond to section 123 and donations to the National Defence Fund to section 133. Section 139 addresses SEZ developers, while section 141 carries forward eligible industrial-undertaking deductions subject to their existing conditions and deduction periods.
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Tamil Nadu SET (TNSET)