Under the old tax regime of the Income-tax Act, 2025, which fund is eligible for 100% deduction for…
Donations to the Prime Minister’s National Relief Fund qualify for a 100% deduction without the qualifying-income ceiling. The current donation deduction is governed by…
Choose your answer
Under the old tax regime of the Income-tax Act, 2025, which fund is eligible for 100% deduction for donations without restriction of the qualifying amount?
Answer and explanation
Correct answer B
Donations to the Prime Minister’s National Relief Fund qualify for a 100% deduction without the qualifying-income ceiling. The current donation deduction is governed by section 133 of the Income-tax Act, 2025.
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Madhya Pradesh SET (MP SET)