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Commerce · Q236

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 236

Q236

Which one of the following deductions will not come under Section 80 of the Income Tax Act?

A.
Deduction in the case of a person with disability
B.
Deduction for interest paid on loan taken for pursuing higher education
C.
Deduction for interest on loan taken for the construction/purchase of house property
Answer
D.
Deduction for repayment of any instalment of principal amount borrowed for the purchase/construction of house property

Answer: Option C

Solution

Answer: Option C
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