Q3
In tax laws, donation to approved and notified association for scientific research is allowed as:
A.
125% of the donation
B.
100% of the donation
AnswerC.
175% of the donation
D.
150% of the donation
Answer: Option B
Solution
Answer: Option B
Solution:
In tax laws, donation to approved and notified association for scientific research is allowed as 100% of the donation. Explanation: Section 80GGA allows deductions for donations made towards scientific research or rural development.