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Income Tax and Related Terms

Which of the ...

Question

Which of the following are deductions from the gross total income of an assessee?

A

80F

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B

80C

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C

80M

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D

80G

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Solution

The correct options are
B 80C
D 80G
80C and 80G are deductions to the Gross Total Income and hence any investments made under these will not be liable to taxation.
80F and 80M do not exist under income tax.

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