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Commerce · Q354

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 354

Q354

Which of the following statements are true in context of Section 80C of Income Tax Act, 1961?

A.
We can claim a deduction of Rs. 1.5 lakh our total income under section 80C
B.
We can reduce up to Rs. 1,50,000 from your total taxable income
C.
The section is available for individuals and HUFs
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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