Under the Income-tax Act, 2025, if a taxpayer has less than 40% disability, the deduction in respect of…
No deduction for the taxpayer's own disability is available when the disability is below 40%. The deduction under section 154 requires the taxpayer to meet the statutory…
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Under the Income-tax Act, 2025, if a taxpayer has less than 40% disability, the deduction in respect of that disability is __________.
Answer and explanation
Correct answer D
No deduction for the taxpayer's own disability is available when the disability is below 40%. The deduction under section 154 requires the taxpayer to meet the statutory definition of a person with disability, which incorporates the minimum disability threshold.
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Maharashtra and Goa SET (MH SET)