Deductions to be made in Computing Total Income

1 Deduction u/s 80C in respect of LIP, contribution to PF, etc., is allowed to:
(A) any assessee
(B) individual assessee only
(C) individual or HUF
(D) individual or HUF who is resident in India
(C)
2. Deduction u/s 80C is allowed to a maximum of:
(A) Rs.70,000
(B) Rs.1,00,000
(C) Rs.1,40,000
(B)
3. Deduction u/s 80C is allowed from:
(A) gross total income
(B) gross total income exclusive of long-term capital gain
(C) gross total income exclusive of STCG from transfer of listed securities
through stock exchange and LTCG on any asset
(C)
4. For claiming deduction u/s 80C in respect of LIP., premium can be paid by
assessee for:
(A) himself only
(B) himself or the spouse
(C) himself, spouse and minor children
(D) himself, spouse and dependant children
(E) himself, spouse and any child
(E)
5. For claiming deduction u/s 80C, for life insurance premium if the payment is made
by the assessee for his child, then the child:
(A) should be dependant on assessee
(B) may or may not be dependant
(C) may be married or unmarried and dependant or not dependant
(C)
6. In case of HUF, deduction u/s 80C in respect of LIP shall be allowed for:
(A) any coparcener of the HUF
(B) Karta of HUF
(C) any member of HUF
(C)
7. An assessee has paid life insurance premium of Rs.25,000 during the previous year
for a policy of Rs.1,00,000. He shall:
(A) not be allowed any deduction u/s 80C
(B) be allowed deduction u/s 80C to the extent of 20 % of the capital sum
assured i.e., Rs.20,000
(C) be allowed deduction for the entire premium as per the provisions of
section 80C
(B)
8. For claiming deduction u/s 80C in respect of PPF, the contribution must be paid by
the individual in the PPF account of:
(A) himself only
(B) himself and spouse
(C) himself, spouse or any child
(C)
9. For claiming deduction u/s 80C by an individual in respect of PPF contribution for
any child, the child should be:
(A) minor child
(B) any child dependant on such individual
(C) any child dependant or not dependant or not dependant on such individual
(C)
10. For claiming deduction u/s 80C in respect of ULIP by an individual, the
contribution can be paid by the individual for:
(A) himself only
(B) himself and spouse
(C) himself, spouse or any child
(C)
11. For claiming deduction u/s 80C in respect of National Savings Certificates of VIII
issue, the NSC should be acquired by the individual in:
(A) his name only
(B) his name of any spouse name
(C) in his name or spouse name or the name of any child
(D) in his name or spouse or in the name of minor child
(A)
12. For amount subscribed to National Saving Scheme 1992, the individual shall be
allowed deduction u/s 80C for amount deposited:
(A) in his name only
(B) in his name or in the name of the spouse
(C) in his name, in the name of spouse or in the name of any child
(A)
13. For claiming deduction u/s 80C, the individual shall make the payment for Jeevan
Dhara or Jeevan Akshay Scheme in:
(A) his own name
(B) his own name or in the name of his spouse
(C) in his own name, in the name of spouse or in the name of any child
(A)
14. If an assessee discontinues the life policy before the premium of 2 years have been
paid then:
(A) no deduction shall be allowed in respect of the payment made in the year
of termination
(B) besides what is mentioned in (A) above the aggregate amount of the
deduction from income so allowed in respect of the PY or years preceding
such PY, shall be deemed to be the income of the assessee of such PY and
shall be liable to tax in the AY relevant to such PY
(B)
15. If a member, participating in the ULIP Plan, terminates his participation or ceases
to participate by reason non-payment of his contribution, before making deduction
for 5 years, then:
(A) no deduction shall be allowed in respect of the amount paid in the PY of
termination
(B) besides what is mentioned in (A) the aggregate deduction allowed in the
past years shall be deemed to be the income in the PY in which
membership is terminated
(C) besides what is mentioned in (A), the cases of the past years in which
deduction was allowed shall be re-opened and tax shall be recomputed and
the balance tax payable shall be so payable for these relevant years
(B)
16. The annual interest accrued on NSCs VIII issue shall be:
(A) exempt
(B) taxable
(C) besides what is mentioned in (B), the interest so accrued shall also be
eligible for deduction u/s 80C
(C)
17. For claiming deduction u/s 80C, the payment or deposit should be made:
(A) out of any income
(B) out of any income chargeable to income tax
(C) during the current year out of any source
(C)
18. Deduction u/s 80C shall be allowed for:
(A) any education fee
(B) tuition fee exclusive of any payment towards any development fee or
donation or payment of similar nature
(C) tuition fee and annual charges
(B)
19. Deduction u/s 80C for tuition fee shall be allowed if such fee is paid to:
(A) any university, college, school or other educational institution situated
within India or outside
(B) any university, college, school or other educational institution situated
within India
(B)
20. Deduction u/s 80C for tuition fee shall be allowed for the purpose of:
(A) any full time education
(B) any full or part time education
(C) full time education in a college
(D) full time education in a school
(A)
21. Deduction u/s 80C in respect of tuition fee is allowed to:
(A) an individual only
(B) an individual or HUF
(C) any assessee
(A)
22. Deduction u/s 80C in respect of term deposit shall be allowed if the term deposit is
for a period:
(A) not less than 3 years
(B) not less than 5 years
(C) not less than 7 years
(B)
23. Deduction u/s 80C in respect of tuition fee is allowed to an individual for:
(A) any of his children
(B) any two children of such individual
(C) any two minor children of such individual
(D) any two dependent children of such individual
(B)
24. Deduction u/s 80C in respect of tuition fee is allowed to the maximum extent of:
(A) Rs.12,000 per child for maximum of 2 children
(B) Rs.12,000 p.m. per child for maximum of 2 children
(C) Rs.1,00,000 per child
(D) Rs.1,00,000 for two children
(D)
25 Deduction under Section 80C in respect of term deposit with a scheduled bank is
allowed if the term deposit is for a period
(A) not less than 3 years
(B) not less than 5 years
(C) not less than 7 years (B)
26 Deduction under Section 80C in respect of time deposit in post office is allowed if
the deposit is for a period of
(A) 3 years
(B) 5 years
(C) 7 years (B)
27. Deduction in respect of contribution for annuity plan to certain pension fund under
section 80CCC is allowed to:
(A) any assessee
(B) individual assessee only
(C) individual or HUF
(D) individual who is resident in India
(B)
28. Deduction u/s 80CCC is allowed to the extent of:
(A) Rs.20,000
(B) Rs.1,00,000
(C) Rs.10,000
(B)
29. Amount received from the surrender of annuity plan or amount received as pension
from the annuity plan by the assessee or his nominee shall be:
(A) exempt
(B) taxable
(C) exempt up to certain limit, balance taxable
(B)
30. Deduction u/s 80CCD in respect of contribution to pension scheme of Central
Government is allowed to:
(A) Central Government employees only
(B) Central and State Government employees
(C) any employee
(D) any employee or self employed individual
(D)
31. Deduction u/s 80CCD is allowed to the extent of:
(A) employee’s contribution up to 10 % of salary
(B) employee’s contribution up to 15 % of salary
(C) employee’s and Central Government contribution each up to 10 % of
salary
(D) employee’s and Central Government contribution each up to 15 % of
salary
(C)
32. Deduction u/s 80C, 80CCC and 80CCD cannot exceed:
(A) Rs.1,00,000 including employers contribution to notified pension scheme
referred to in section 80CCD
(B) Rs.1,00,000 exclusive of employers contribution to notified pension
scheme referred to in section 80CCD
(C) Rs.1,20,000
(B)
33. Deduction u/s 80D in respect of medical insurance premia is allowed to:
(A) any assessee
(B) an individual or HUF
(C) individual or HUF who is resident in India
(D) individual only
(B)
34. Deduction u/s 80D is allowed if the premium is paid to:
(A) Life Insurance Corporation
(B) General Insurance Corporation or any other insurer
(C) Life Insurance or General Insurance Corporation
(B)
35. Tick the persons for which the premium u/s 80D can be paid by an individual:
(A) for assessee himself
(B) for spouse
(C) for parents dependant or not
(D) for dependant parents
(E) for children dependant or not
(F) for dependant children
(G) for dependant brothers and sisters
(A), (B), (D) & (F)
36 Deductions under Section 80D is allowed to an individual for premium paid to
insure the health of
(A) individual himself
(B) individual himself or his family
 (C) individual himself or his family and dependant parent or parents of
individual
(D) individual himself or his family and parent or parents of the individual (D)
37 For the purpose of section 80D, the family in relation to an individual shall mean
(A) the spouse and the dependant Children
(B) the dependent spouse and dependent children
(C) the spouse and the children (A)
38 Deduction under Section 80D is allowed to HUF for premium paid to insure the
health of
(A) Karta of the HUF only
(B) any coparcener of HUF
(C) any member of HUF
(D) any male member of HUF (C)
39. The payment for insurance premium under section 80D should be paid:
(A) in cash
(B) by cheque
(C) by any mode other than cash
(C)
40. The quantum of deduction allowed under section 80D in case of an individual shall
be limited to:
(A) Rs.15,000 for individual himself, his family and parents
(B) Rs.15,000 for individual himself or his family and Rs 15,000 for parent or
parents
(C) Rs.25,000 for individual himself or his family and Rs 15,000 for parent or
parents
(B)
41. Where the assessee or his wife or her husband or dependant parents or any member
of the family of HUF is a senior citizen and the medical insurance premium is paid
to effect or keep in force an insurance in relation to him or her the deduction
allowed shall be:
(A) Rs.15,000
(B) Rs.20,000
(C) Rs.25,000
(B)
42. Deduction u/s 80DD in respect of maintenance including medical treatment of
dependant being a person with disability shall be allowed to:
(A) any assessee
(B) an individual or HUF
(C) an individual or HUF who is resident in India
(C)
43. (i) Deduction u/s 80DD shall be allowed:
(A) to the extent of actual expenditure/deposit or Rs.40,000 whichever is less
(B) for a sum of Rs.50,000 irrespective of actual expenditure or deposit
(C) for a sum of Rs.40,000 irrespective of any expenditure incurred or actual
amount deposited
(B)
 (ii) Deduction u/s 80DD in case of dependant with severe disability shall be
allowed:
(A) to the extent of actual expenditure/deposit or Rs.50,000 whichever is less
(B) for a sum of Rs.1,00,000 irrespective of actual expenditure or deposit
(C) for a sum of Rs.50,000 irrespective of any expenditure incurred or actual
amount deposited (B)
44. Deduction u/s 80DDB in respect of medical treatment for specified ailment or
disease is allowed to:
(A) any assessee
(B) individual or HUF
(C) individual or HUF who is resident in India
(C)
45. Deduction u/s 80DDB shall be allowed for medical treatment of specified ailment
or disease of:
(A) any dependant relative
(B) any dependant handicapped relative
(C) the assessee himself or any dependant relative
(C)
46. Deduction u/s 80DDB shall be allowed for a sum of:
(A) Rs.40,000 irrespective of any expenditure
(B) Rs.40,000 or actual expenditure whichever is less
(C) Rs.50,000
(B)
47. In case the assessee or dependant relative is a senior citizen then the deduction u/s
80DDB shall be allowed for a sum of:
(A) Rs.40,000 or actual expenditure whichever is less
(B) Rs.60,000 or actual expenditure whichever is less
(C) Rs.60,000 irrespective or actual expenditure
(B)
48. Deduction u/s 80E is allowed on account of:
(A) repayment of loan taken from certain specified institutions
(B) repayment of loan and interest on loan taken from certain specified
institutions
(C) interest on loan taken from certain specified institutions
(C)
49. Deduction u/s 80E in respect of interest on loan taken for higher education shall be
allowed to:
(A) an individual assessee only
(B) an individual who is resident in India
(C) an individual or HUF
(D) an individual or HUF who is resident in India
(A)
50. Deduction u/s 80E shall be allowed in respect of amount paid by way of interest on
loan taken from:
(A) any person
(B) financial institutions
 (C) financial institutions or approved charitable institutions
(C)
51. For claiming deduction of interest u/s 80E loan should be taken for doing:
(A) any post graduate course
(B) any graduate or post graduate course in engineering, medicine,
management
(C) for course mentioned in (B) and post graduate course in applied science or
pure sciences including mathematics and pure sciences
(D) for any course of study after passing the recognized senior secondary
examination or its equivalent
(D)
52. The deduction u/s 80E is allowed for payment by way of interest on loan to the
extent of:
(A) Rs.25,000
(B) Rs.40,000
(C) any amount
(C)
53. Deduction u/s 80E for payment by way of interest on loan is allowed for:
(A) 5 years
(B) 8 years or till the interest is paid whichever is earlier
(C) 10 years
(D) 8 years
(B)
54. Deduction u/s 80E shall be allowed for the higher education of:
(A) the assesse himself
(B) the assesse himself and his spouse
(C) the assesse himself, his/her spouse and his/her children
(D) the assesse himself and his dependent children
(C)
54. Deduction u/s 80G on account of donation is allowed to:
(A) a business assessee only
(B) any assessee
(C) individual or HUF only
(B)
56. The overall limit in case of deduction u/s 80G is:
(A) 10 % of gross total income
(B) 10 % of total income
(C) 10 % of gross total income as reduced by any portion thereof on which
income tax is not payable under any provisions of the Act and by any
amount in respect of which the assesse is entitled to a deduction under
Chapter VIA except deduction under section 80G
(C)
57. Deduction in respect of rent paid u/s 80GG shall be allowed to:
(A) an individual
(B) any individual or HUF
(C) any assessee
 (A)
58. Deduction in respect of rent paid u/s 80GG is allowed to:
(A) any individual
(B) any individual who is self-employed
(C) any individual who is self-employed or who is an employee but not
entitled to HRA or rent free accommodation
(D) same as (C) above and who pays rent for his residential accommodation
(D)
59. The maximum deduction u/s 80GG shall be limited to:
(A) Rs.1,000 p.m.
(B) Rs.2,000 p.m.
(C) Rs.3,000p.m.
(B)
60. Deduction u/s 80GGA in respect of certain donations for scientific research or rural
development is allowed to:
(A) any assessee
(B) non-corporate business assessee
(C) an assessee whose gross total income does not include income chargeable
under the head business and profession
(C)
61. Deduction u/s 80GGA shall be allowed to the extent of:
(A) 100 % of the donations so made
(B) 1 ¼ times of the donation so made
(C) 1 ½ times of the donation so made
(A)
62. Deduction u/s 80-IA in respect of profits and gains from infrastructure facility is
allowed to an enterprises which is owned by:
(A) an Indian Company
(B) an Indian Company or other person who is resident in India
(C) an Indian Company or a consortium of such companies
(D) an Indian Company or a consortium of such companies or by an authority
or a board or a corporation or any other body established or constituted
under any Central or State Act
(D)
63. Deduction u/s 80-IA in respect of an undertaking which is engaged in providing
telecommunication services, etc., is allowed if it is owned by:
(A) an Indian Company
(B) any assessee
(C) an Indian company or consortium of such companies
(B)
64. Deduction to telecommunication industrial undertaking is allowed if it starts
providing telecommunication services between:
(A) 1.4.1995 & 31.3.2005
(B) 1.4.1995 & 31.3.2004
(C) 1.4.1997 & 31.3.2004
(A)
65. Deduction to undertaking which develops, maintains, etc., any industrial part
allowed if such undertaking is owned by:
(A) an Indian Company
(B) an Indian Company or a Consortium of such companies
(C) any assessee
(C)
66. Deduction for operating an Industrial Park will be allowed only if such park begins
to operate any time between:
(A) 1.4.1995 & 31.3.2003
(B) 1.4.1997 & 31.3.2006
(C) 1.4.1997 & 31.3.2009
(C)
67. Deduction u/s 80-IA for any undertaking or enterprises engaged in development of
infrastructure facility shall be allowed to the extent of:
(A) 100 % of the profits for first 5 years and 30 % for subsequent 5 years
(B) 50 % of the profits for 10 years
(C) 100 % of the profits of such industrial undertaking or enterprises for 10
years
(C)
68. Deduction u/s 80-IA for any undertaking or enterprises engaged in development of
infrastructure facility shall be allowed @ 100 % for consecutive assessment years
out of:
(A) 15 years beginning with the year in which undertaking or the enterprise
develops or begins to operate any infrastructure facility
(B) 20 years beginning with the year in which undertaking or the enterprise
develops or begins to operate any infrastructure facility
(C) 20 years beginning with the year in which undertaking or the enterprise
develops or begins to operate any infrastructure facility other than port,
airport, inland port or inland waterways and out of 15 years for such port,
airport, inland port or inland waterways
(C)
69. Deduction u/s 80-IA for enterprise engaged in the business of providing
telecommunication, etc., shall be allowed for:
(A) 10 years @ 100 %
(B) first 5 assessment years @ 100 % and 30 % for the subsequent 5 AYs
(C) first 5 assessment years @ 100 % and 30 % in case of a company and 25%
in case of non-company assessee for the subsequent 5 AYs
(B)
70. Deduction u/s 80-IA for enterprise engaged in the business of telecommunication
shall be allowed for:
(A) first 5 AYs @ 100 % and for the next 5 AYs @ 30 % starting from the AY
in which it starts providing telecommunication services
(B) first 5 consecutive AYs @ 100 % and subsequent 5 AYs @ 30 % out of 15
years being with the year in which enterprises starts providing
telecommunication services
(C) first 5 consecutive assessment years @ 100 % and subsequent 5 AYs @
 30 % out of 20 years being with the year in which enterprises starts
providing telecommunication services
(B)
71. Deduction u/s 80-IB in respect of an industrial undertaking established in a
backward state or district of Category-A shall be allowed for:
(A) 100 % of profits from such industrial undertaking for 10 years
(B) 150 % of profit for 10 years
(C) 100 % of profits for 5 years, 30 % or 25 % of profits in case of company
and non-company assessee other than co-operative society for subsequent
5 years (25 % of the profits in case of co-operative society for subsequent
7 years
(C)
72. Deduction u/s 80-IB in respect of an industrial undertaking established in a district
of Category-B shall be allowed:
(A) 100 % of the profits from such industries for 10 years
(B) 100 % of the profits for the first 3 years and 30 % (in case of company) or
25 % (in case of non-company assessee) of the profit, as the case may be
for the next five years
(C) 100 % of the profits for the first 5 years and 30 % (in case of company) or
25 % (in case of non-company assessees) for next 5 years but 25 % of the
profits in case of a co-operative society for next 9 years
(C)
73. Deduction u/s 80-IB in respect of a hotel located in a hilly area or rural area or a
place of pilgrimage shall be allowed to the extent of:
(A) 30 % of the profits for 10 years
(B) 50 % of the profits for 10 years
(C) 100 % of profits for first 5 years and 30 % of profits for next subsequent
5 years
(B)
74. Deduction u/s 80-IB in respect of specified hotel or other hotel shall be allowed if
the commencement of business taken place any time between:
(A) 1.4.1995 & 31.3.1999
(B) 1.4.1997 & 31.3.2001
(C) 1.4.1997 & 31.3.2002
(B)
75. Deduction of any hotel other than specified hotel established in any area other than
Delhi, Mumbai, Chennai and Calcutta shall be allowed to the extent of:
(A) 50 % of the profits for 10 years
(B) 30 % of the profits for 10 years
(C) 30 % of the profits for 12 years
(B)
76. Deduction u/s 80-IB in respect of specified or other hotel shall be allowed to:
(A) an Indian Company
(B) any assessee
(C) an Indian Company or a person other than a company who is resident in
India
 (D) an Indian Company with a paid up capital of at least Rs.5,00,000
(D)
77. Deduction u/s 80-IB for enterprises carrying on scientific and industrial research
and development is allowed in case of:
(A) any assessee
(B) an Indian Company
(C) an Indian Company or a person other than company resident in India
(B)
78. The quantum of deduction in case of an enterprises on scientific and industrial
research and development shall be allowed to the extent of:
(A) 100 % for a period of 7 assessment years
(B) 100 % for a period of 5 assessment years
(C) 100 % for a period of 10 assessment years
(C)
79. Deduction u/s 80-IB in case of an undertaking engaged in commercial production
or refining of mineral oil in any part of India is allowed to the extent of:
(A) 100 % of profits for 5 assessment years
(B) 100 % of profits for 7 assessment years
(C) 100 % of profits for 10 assessment years
(B)
80. Deduction u/s 80-IB in case of an undertaking engaged in developing and building
housing project shall be allowed to:
(A) any assessee
(B) an Indian Company
(C) any assessee other than an Indian Company
(A)
81. Deduction u/s 80-IB in case of an undertaking engaged in developing and building
housing project shall be allowed provided the project is on the size of plot of:
(A) at least 1 acre except when allowed by notification by the Centre or State
Government
(B) at least 1 hectare
(C) at least 1 acre
(A)
82. Deduction u/s 80-IB in case of an undertaking engaged in developing and building
housing project shall be allowed provided the resident unit has a built area of:
(A) 1500 Sq. feet in Delhi, Mumbai, Chennai and Calcutta and 1000 Sq. feet in
any other place
(B) 1000 Sq. feet in Delhi, Mumbai, Chennai and Calcutta and 1500 Sq. feet in
any other place
(C) 1500 Sq. feet at any place in India
(B)
83. Deduction u/s 80-IB in case of an undertaking engaged in the housing project shall
be allowed only if plan lay-out are approved by the local authority before:
(A) 31.3.2005
(B) 31.3.2006
(C) 31.3.2007
 (C)
84. Deduction u/s 80-IB in case of an undertaking engaged in the business of housing
project shall be allowed only if the housing project is:
(A) completed within 4 years from the end of the FY in which plan lay-out is
approved by the local authority
(B) completed before 1.4.2008 if the plan lay-out is approved before 1.4.2004
and within 4 years from the end of the FY in which plan lay-out is
approved by the local authority
(C) completed before 1.4.2008
(B)
85. Deduction u/s 80JJA in respect of profits and gains from business of collecting and
processing of bio-degradable waste is allowed to the extent of:
(A) 100 % of the profits derived from such business or Rs.5,00,000 whichever
is less
(B) 100 % of the profits for a period of 10 years
(C) 100 % of the profits for a period of 5 consecutive assessment years
(C)
86. Deduction u/s 80JJA in respect of employment of new worker shall be allowed to:
(A) any assessee
(B) an Indian Company
(C) an Indian Company or a person other than company resident in India
(B)
87. Deduction u/s 80JJA shall be allowed to a new industrial undertaking owned by a
company assessee in respect of employment of regular workmen exceeding:
(A) 80 workmen
(B) 100 workmen
(C) 150 workmen
(B)
88. Deduction u/s 80JJAA to existing Industrial undertaking shall be allowed if there
is:
(A) any increase in regular workmen
(B) at least 10 % increase in the number of workmen employed
(C) there is 10 % increase as well as the total workmen including the new
workmen exceeds 100 workmen
(C)
89. Deduction u/s 80JJAA to existing industrial undertaking shall be allowed for the:
(A) additional wages paid to new workmen employed during the year
(B) additional wages paid to new workmen which are in excess of 100
workmen (inclusive of existing workmen)
(C) additional wages paid to new workmen employed during the year in excess
of 100 workmen
(B)
90. Deduction u/s 80JJAA shall be allowed to the extent of:
(A) 100 % of the additional wages paid to the new regular workmen
(B) 50 % of the additional wages paid to the new regular workmen
(C) 30 % of the additional wages paid to the new regular workmen
 (C)
91. Deduction u/s 80L is allowed to the extent of:
(A) Rs.12,000
(B) Rs.15,000
(C) NIL
(C)
92. Deduction u/s 80-IC is allowed if the business of the assessee is situated:
(A) in any State
(B) in any Backward State
(C) in the States of Sikkim, Himachal Pradesh and Uttaranchal
(D) in the States of Sikkim, Himachal Pradesh, Uttaranchal or the North
Eastern States
(D)
93. Where the business of manufacturing or producing is done or in any notified
specified areas in the State of Sikkim, Himachal Pradesh, Uttaranchal or the North
Eastern States then for claiming deduction u/s 80-IC, such business of
manufacturing or producing should be:
(A) of any article or thing
(B) of any article or thing not being an article or thing mentioned in Schedule
XIII of the Income-tax Act
(C) of any article or thing mentioned in Schedule XIV of the IT Act (B)
94. In the above case, if manufacturing or producing, etc., is done in any area other
than a notified area in the aforesaid States, such business of manufacturing or
producing an article or thing or for an operation should be for:
(A) any article or thing
(B) any article or thing other than mentioned in Schedule XIII
(C) any article or thing or an operation mentioned in Schedule XIV of the
Income-tax Act
(C)
95. Deduction u/s 80-IC is allowed to the extent of:
(A) 100% of profits and gains for ten AYs
(B) 100% of profits and gains for ten AYs in case of any undertaking or
enterprise in the States of Sikkim or North Eastern Region and 50 % in
case of undertaking in Uttaranchal and H.P.
(C) 100% of profits and gains for ten AYs in case of an undertaking or
enterprise in the States of Sikkim or North Eastern States and 100 % of
profits and gains for the first 5 AYs and 25 % (30 % in the case of
companies) for the next 5 AYs
(C)
96. In case of undertaking which has begun or begins manufacture/has undertaken
substantial expansion, or has carried on any eligible business on or after 1.4.2007 in
any North Eastern States, the deduction shall be allowed:
(A) under section 80-IC
(B) under section 80-IE
(C) under section 80-IC or 80-IE at the option of the assesse
(B)
97. Deduction under section 80-IE shall be allowed in respect of certain undertakings
in North Eastern States for:
(A) an amount equal to 100% of the profits and gains derived from such
business for 10 consecutive AYs
(B) an amount equal to 50% of the profits and gains derived from such
business for 10 consecutive AYs
(C) amount equal to 100% of the profits and gains for first 5 AYs and 30 % of
the profits and gains for the next 5 AYs
(A)
98. Deduction under section 80-ID is allowed in respect of profits and gains from
business of hotels and convention centres located in:
(A) National Capital Territory of Delhi and Mumbai
(B) National Capital Territory of Delhi and the Districts of Faridabad,
Gurgaon, Gautam Budhnagar and Ghaziabad
(C) National Capital Territory of Delhi and the Districts of Faridabad,
Gurgaon, Gautam Budhnagar, Ghaziabad, Sonipat and Ballabgarh
(B)
99. Deduction under section 80-ID is allowed in respect of profits and gains from
business of hotels and convention centres in specified area shall be allowed for:
(A) an amount equal to 100% of profits and gains for 5 consecutive AYs
(B) an amount equal to 100% of profits and gains for 10 consecutive AYs
(C) an amount equal to 100 % of profits and gains for first 5 consecutive AYs
(C)
100. Deduction u/s 80QQB is allowed in respect of royalty income to:
(A) an individual who is an author of a book
(B) an individual who is a resident in India and who is an author of a book
(C) an individual who is a resident in India and who is either an author of a
book or a joint author of the book
(C)
101. Deduction u/s 80QQB is allowed to an author of a book provided such book is of:
(A) literary nature
(B) scientific nature
(C) artistic nature
(D) literary or scientific nature
(E) scientific or artistic nature
(F) literary, artistic or scientific nature
(F)
102. Deduction u/s 80QQB is allowed to an author of a book of literary or artistic or
scientific nature who is resident in India to the extent of:
(A) 100 % of royalty income or Rs.5,00,000 whichever is less
(B) 100 % of royalty income or Rs.3,00,000 whichever is less
(C) 50 % of royalty income or Rs.5,00,000 whichever is less
(D) 50 % of royalty income or Rs.3,00,000 whichever is less
(B)
103. Deduction u/s 80RRB in respect of royalty on patents shall be allowed to:
(A) an individual
(B) an individual who is resident in India
(C) an individual who is resident in India and is a patentee or co-patentee
(C)
104. Deduction u/s 80RRB is allowed to the extent of:
(A) 50 % of royalty or Rs.3,00,000 whichever is less
(B) 100 % of royalty or Rs.3,00,000 whichever is less
(C) 100 % of royalty or Rs.2,00,000 whichever is less
(D) 100 % of royalty or Rs.5,00,000 whichever is less
(B)
105. Deduction u/s 80U in case of permanent physical disability (including blindness) is
allowed to:
(A) an individual who is a citizen of India
(B) an individual who is a resident in India
(C) any individual assesse
(B)
106. The quantum of deduction allowed u/s 80U is:
(A) Rs.40,000
(B) Rs.50,000 in case of an individual who is resident in India and who is a
person with disability and Rs.75,000 in case such individual is a person
with severe disability
(C) Rs.60,000 in case of an individual resident in India who is a person with
disability
(D) Rs.60,000
(B)
107. Deduction u/s 80U shall be allowed only when the assessee is suffering from a
permanent disability:
(A) at the beginning of the PY
(B) at any time during the PY
(C) at the end of the PY
(B)
108. Where the return of income is filed after the due date specified u/s 139(1):
(A) all deductions under Chapter VIA, i.e., 80C to 80U will be allowable
(B) all deductions under Chapter VIA, i.e., 80C to 80U will not be allowable
(C) all deductions under Chapter VIA, i.e., 80C to 80U excepting 80-IA,
80-IAB, 80-IB, 80-IC, 80-ID and 80-IE will be allowable
(D) all deductions under Chapter VIA, i.e., 80C to 80U except 80-IA will be
allowable
(C)