Mr. P has interest accrued from NSC (maturity date is after two years) ₹15,600. During the current year 2022-23 he invested ₹1,00,000 and his wife invested ₹50,000 in NSC. What will be the deduction under section 80C ass
CS Executive · Tax Laws · PYQS · December 2023
Mr. P has interest accrued from NSC (maturity date is after two years) ₹15,600. During the current year 2022-23 he invested ₹1,00,000 and his wife invested ₹50,000 in NSC. What will be the deduction under section 80C assuming that no other investments are made by Mr. P :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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