Deduction u/s 80CCC allowed to an individual for amount paid by him in – McqOptions

MCQOPTIONS

1.	Deduction u/s 80CCC allowed to an individual for amount paid by him in an annuity plan of LIC is restricted to
A.	Rs. 5,000
B.	Rs. 7,500
C.	Rs. 1,50,000
D.	Rs. 12,500
Answer» D. Rs. 12,500

Discussion

No Comment Found

Related MCQs

Which of the following can be corrected while processing the return of income under section 143(1)?
For the purpose of levying tax on income other than agricultural income, Union List contained entry
An Indian citizen leaving India during the previous year for employment purpose is said to be resident if
Remuneration to partner of a firm engaged in the business of growing and manufacturing rubber in India is:
Rate of Interest accruing to a particular employee by virtue of his employer s contribution to Recognized Provident Fund is 12.5% p. a. In such a case
An individual purchased a painting on 01-11-2017 for Rs. 5,00,000 though fair market value of the asset is `5,25,000. Income taxable u/s 56(2)(x) is:
While computing taxable interest on delayed compensation, a standard deduction is allowed @
Deduction u/s 80CCC allowed to an individual for amount paid by him in an annuity plan of LIC is restricted to
Advance tax is required to be paid by all assessee only if estimated advance tax liability is
Expenditure incurred by a company for the purpose of promoting family planning among its employees, being of a capital nature