Q43
Which of the following will be considered as tax planning effort? 1. Mr. A purchased a house for self-residence of Rs. 8 lakh by taking a loan of Rs. 60 lakh from SBI at 10% interest, instead of using his own funds. 2. Mr. A made investment in purchasing 12% redeemable debentures of TISCO worth Rs. 1.50 lakh. 3. Mr. A purchased 100 gm gold biscuits of Rs. 2.5 lakh from SBI on the occasion of Diwali. 4. Mr. A invested Rs. 1 crore in purchasing 5 acres of agricultural land in his native village in Gaya.
A.
Both 1 and 2
B.
Both 2 and 3
C.
Both 1 and 4
AnswerD.
Both 3 and 4
Answer: Option C
Solution
Answer: Option C
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