Radha engaged in the trading business and had contributed a sum of ₹1 lakh to an approved university in July, 17 to be used for scientific research, which is not related to her business. The amount of deduction for which

CS Executive · Tax Laws and Practice · PYQS · December 2018
Radha engaged in the trading business and had contributed a sum of ₹1 lakh to an approved university in July, 17 to be used for scientific research, which is not related to her business. The amount of deduction for which she is eligible under section 35 of Income-Tax Act, 1961 for assessment year 2018-19 would be :
(A) ₹1 lakh
(B) ₹1.5 lakh
(C) ₹1.75 lakh
(D) ₹2 lakh

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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