Deduction available under section 24(a) is _____ of NAV.

Related MCQs

• Padmaja Power Co. (P) Ltd. is engaged in generation and distribution of electrical power. It avails deduction under section 80-IA. The gross receipts of the company is Rs. 89 lakhs. The last date for filing the return of income in order to be eligible to avail deduction under section 80-IA is ________________ . (Note: Assume there is no extension of time for filling the return of income)
• Cash donation given to a charitable trust (approved under section 80G) is eligible for deduction under that section, when the amount of donation does not exceed
• Manoj,a resident, employed in ABC Ltd., an Indian company, has gross annual salary income of Rs. 20,60,000. The standard deduction available under section 16(1) would be _________ .
• Deduction under Section 32AD is allowed to:
• A start-up can claim deduction under Section 80-IAC for _____ consecutive years beginning from the year in which the eligible start-up was incorporated.
• Deduction under the section 80E is allowed in respect of
• The lock-in-period for capital gain bonds issued by National Highway Authority of India for the purpose of deduction under section 54EC is ________.
• Medical insurance premium incurred for senior citizen is eligible for deduction up to ________ under section 80D.
• Mr. Atul (aged 63), a resident Indian, paid for himself through account payee cheque, health insurance premium of Rs. 2,10,000 for 5 years in one lump sum on 28.03.2019. The eligible amount of deduction under section 80-D for the assessment year 2019-20 would be _______.
• Deduction u/s 24(a) is not available when: