Match the List-I with List-II under the Income-tax Act, 2025 List-I (Purpose for which deduction is…
Matching the Chapter VIII deductions of the Income-tax Act, 2025 with their sections: (A) Contribution to the Agniveer Corpus Fund under the Agnipath Scheme: section 125…
Choose your answer
Match the List-I with List-II under the Income-tax Act, 2025
| List-I (Purpose for which deduction is given under the Income-tax Act, 2025) | List-II (Relevant Section) |
|---|---|
| A. Contribution to Agnipath Scheme | I. Section 153 |
| B. Profits and gains from business of collecting and processing of bio-degradable waste | II. Section 136 |
| C. Interest on deposits in case of senior citizens | III. Section 125 |
| D. Contributions given by companies to political parties | IV. Section 145 |
Answer and explanation
Correct answer A
Matching the Chapter VIII deductions of the Income-tax Act, 2025 with their sections:
(A) Contribution to the Agniveer Corpus Fund under the Agnipath Scheme: section 125 (formerly s.80CCH) (III).
(B) Profits from collecting and processing or treating bio-degradable waste: section 145 (formerly s.80JJA) (IV).
(C) Interest on deposits of a senior citizen, up to ₹ 50,000 under section 153(2)(b): section 153 (formerly s.80TTB) (I).
(D) Non-cash contributions by an Indian company to a political party or electoral trust: section 136 (formerly s.80GGB) (II).
The correct code is therefore A-III, B-IV, C-I, D-II.
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UGC NET Commerce