Q397
Consider the following statements. 1. The aggregate amount of deduction under Sections 8oC to 8oU can exceed gross total income. 2. If a deduction is allowed under the above sections to the AoP or Bol, then deductions for the same payment/income will not be allowed to the members of the AoP/BoI. 3. Deduction is allowed only when it is claimed in his return under the heading "C Deductions in respect of certain incomes." Which of the statement(s) given above is/are correct?
A.
Only 1
B.
Both 1 and 2
C.
Both 1 and 3
D.
Both 2 and 3
AnswerAnswer: Option D
Solution
Answer: Option D
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