Question 1
Which of the following deductions cannot be availed, if the return is not filed on or before the due date specified u/s 139(1) ?
a) 80-I
b) 80-IAB
c) 80-IAC
d) 80-BA
Question 2
Deduction u/s 80C is not available, where the amount paid by an individual for insurance, is on the life of __________
a) His/ her spouse
b) Dependent parents
c) Independent son
d) Married daughter
Question 3
Deduction u/s 80CCD is allowed to an individual assessee who is employed by either any employer or __________
a) A Central government employee, employed before 01.04.2004
b) A Central government employee, employed before 01.04.2003
c) A Central government employee, employed on or after 01.01.2004
d) None of the above
Question 4
X Limited employed Pratyush and contributed certain amount to his pension fund. The maximum amount of deduction allowed u/s 80CCD(2) with respect to X Ltd.’s contribution is ___________
a) Amount not exceeding 10% of salary of Pratyush in the previous year
b) Amount not exceeding 20% of salary of Pratyush in the previous year
c) 1,50,000
d) None of the above
Question 5
The maximum deduction allowable u/s 80EE for interest on loan for house property from financial institution for AY 2019-20 is _________
a) 50,000
b) 1,00,000
c) 1,50,000
d) 2,00,000
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