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Multiple Choice Questions

1. Where an assessee opts to be taxed under the old regime, deduction under section 80E shall be allowed for
the higher education of: -
(A) the assessee himself
(B) the assessee himself and his/her spouse
(C) the assessee himself, his/her spouse and his/her children or the student for whom the individual is a
legal guardian
(D) the assessee himself, his/her spouse and his/her children

2. Where an assessee has opts to be taxed under the old regime, deduction under section 80G on account of
donation is allowed to:
(A) a business assessee only
(B) any assessee
(C) individual or HUF only
(D) any assessee other than a company

3. Where an assessee has opts to be taxed under the old regime, the over all limit in case of deduction under
section 80G is:
(A) 10% of gross total income
(B) 10% of total income
(C) 10% of gross total income as reduced 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 assessee is entitled to a
deduction under Chapter VIA except deduction under section 80G
(D) none of the above

4. In case the donation is made in cash the deduction under section 80G shall be allowed to the maximum
extent of: -
(A) ₹15,000
(B) ₹10,000
(C) ₹2,000
(D) ₹50,000

5. Where an assessee opts to be taxed under the old regime, deduction in respect of rent paid us 80GG shall
be allowed to:
(A) an individual
(B) an individual or HUF
(C) any assessee
(D) any non-company assessee

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6. Where an assessee opts to be taxed under the old regime, deduction in respect of rent paid us 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 H.R.A. or rent free
accommodation
(D) same as (C) and who pays rent for his residential accommodation

7. Where an assessee opts to be taxed under the old regime, the maximum deduction u/s 80GG shall be limited
to:
(A) ₹2,000 p.m.
(B) ₹3,000 p.m.
(C) ₹4,000 p.m.
(D) ₹5,000 p.m.

8. Where an assessee has opts to be taxed under the old regime, deduction wis 80GGA in respect of certain
donation 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 U/H Business and
Profession
(D) any assessee whose gross total income does not include business income or income U/H other
sources

9. Where an assessee haunt teised optimHSBAATISHARPSDAD BA opts to be taxed under the old regime,
deduction u's 80GGA shall be allowed to the extent:
(A) 100% of the donation so made
(B) 1 1/4 times of the donation so made
(C) 1 1/2 times of the donation so made
(D) 1 3/4 times of the donation so made

10. In case the donation is made in cash the deduction under section 80GGA shall be allowed to the maximum
extent of:
(A) ₹2,000
(B) ₹5,000
(C) ₹10,000
(D) ₹20,000

11. Where an assessee has opts to be taxed under the old regime, deduction u/s 80-IBA, in case of an assessee
who is engaged in the business of developing and building housing projects, is allowed to the extent of:

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 (A) 50% of profits from such housing projects
(B) 75% of profits from such housing projects
(C) 100% of profits from such housing projects
(D) 125% of profits from such housing projects

12. Where an assessee has opts to be taxed under the old regime, in case of an 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 assessee
(D) none of the above

13. Where an assessee has opts to be taxed under the old regime, deduction under section 80-1E 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
assessment years an amount equal to 50% of the profit and gains derived from such business for 10
consecutive assessment years
(B) an amount equal to 50% of the profit and gains derived from such business for 10 consecutive
assessment years
(C) amount equal to 100% of the profits and gains for first 5 assessment years and 30% of the profits
for the next 5 assessment year
(D) none of the above

14. Where an assessee has opts to be taxed under the old regime. deduction u's 80JJA in respect of profits and
gains from business of collecting and processing of bio degradable work is allowed to the extent of:
(A) 100% of the profits derived from such business or ₹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
(D) 100% of the profits for a period of 10 consecutive assessment years

15. (1) Deduction u/s 80JJAA in respect of employment of new employees is allowed to
(A) A company assessees
(B) All assessees
(C) All assessees carrying on business to whom section 44AB applies
(D) All business asessees

16. Deduction u/s 80JJAA in respect of employment of new employees is allowed to the extent of
(A) 20% of additional employee cost for a period of 3 assessment years
(B) 30% of additional employee cost to be allowed as deduction for 3 assessment years
(C) 30% of additional employee cost to be allowed as deduction for 5 assessment years
(D) 30% of additional employee cost to be allowed as deduction for 7 assessment years

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