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Commerce · Q767

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 767

Q767

Match the following. List-I List-II a. Deduction in respect of income of cooperative societies 1. 100% of such income or Rs. 3,00,000, whichever is less b. Deduction in respect of royalty on patent 2. Maximum of Rs. 10,000 c. Deduction in respect of interest on deposits in saving account 3. 100% of profit, but in some case amount is fixed at Rs. 50,000/Rs. 1,00,000 d. Deduction in respect of contribution to certain provident funds 4. Maximum of Rs. 1,50,000

Match the following.
List-I List-II
a. Deduction in respect of income of cooperative societies 1. 100% of such income or Rs. 3,00,000, whichever is less
b. Deduction in respect of royalty on patent 2. Maximum of Rs. 10,000
c. Deduction in respect of interest on deposits in saving account 3. 100% of profit, but in some case amount is fixed at Rs. 50,000/Rs. 1,00,000
d. Deduction in respect of contribution to certain provident funds 4. Maximum of Rs. 1,50,000
A.
a-3, b-1, c-2, d-4
Answer
B.
a-1, b-3, c-2, d-4
C.
a-1, b-2, c-4, d-3
D.
a-1, b-3, c-4, d-2

Answer: Option A

Solution

Answer: Option A
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