381. For the P.Y , 2012-13, the maximum permissible deduction under section 80C is ………….. A. rs: 80,000 B. rs: 1,00,000 C. rs: 2,00,000 D. 1,12,000 ✅ The correct answer is option B.
382. Income from other sources is a…………….. A. residuary head of income. B. major head of income. C. income from a single source. D. constant and regular income. ✅ The correct answer is option A.
383. Loss from business can be carried for …………………. years. A. 6 B. 8 C. 12 D. 16 ✅ The correct answer is option B.
384. Donation on PM’s National Relief Fund is deductible 100% out of the gross total income of the assessee, under section …………………………….. A. 80c B. 80cc C. 80g D. 80gg ✅ The correct answer is option C.
385. Tax on long term capital gain is……………… A. 10%. B. 20%. C. 30%. D. 25%. ✅ The correct answer is option B.
386. Income of a minor child is exempted up to …………………….. A. rs: 1,000 B. rs: 1,500 C. rs: 1,200 D. rs: 2,000 ✅ The correct answer is option B.
387. Section C applies on ………………. A. individual and huf B. co-operative society C. firm D. company ✅ The correct answer is option A.
388. The maximum amount deductible u/s 80GG in respect of rent paid is …………………… A. rs: 10,000 B. rs: 12,000 C. rs: 20,000 D. rs: 24,000 ✅ The correct answer is option D.
389. When a loan is taken for the education of a child, the father is entitled to deduction u/s …………………….. A. 80 c B. 80 g C. 80 e D. 80 u ✅ The correct answer is option C.
390. Which of the following is eligible for 100% deduction ? A. national children fund B. rajiv gandhi foundation C. national sports fund D. nehru memorial fund ✅ The correct answer is option C.