Which of the following deductions under the Income-tax Act, 2025 is not based on a payment or investment?
The deduction for a resident individual's disability depends on certified disability rather than on making a payment or investment. The other deductions are linked to…
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Which of the following deductions under the Income-tax Act, 2025 is not based on a payment or investment?
Answer and explanation
Correct answer D
The deduction for a resident individual's disability depends on certified disability rather than on making a payment or investment. The other deductions are linked to qualifying premiums or donations, subject to the applicable tax regime and statutory conditions.
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West Bengal SET (WB SET)