Sudha has to pay ₹1,20,000 to the co-operative society annually against the house allotted to her by society. She initially paid a sum of ₹3,00,000 to become a member of the housing co-operative society during the previo
CS Executive · Tax Laws · PYQS · June 2022
Sudha has to pay ₹1,20,000 to the co-operative society annually against the house allotted to her by society. She initially paid a sum of ₹3,00,000 to become a member of the housing co-operative society during the previous year 2021-22. The term of the payment was for 15 years. The amount allowed to be deducted u/s 80C for the previous year 2021-22 will be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act, 1961
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