Deduction u/s 80C from the gross total income of an amount equal to the eligible investment made subject to a maximum amount of ₹1,50,000 is allowed to the assessee who is :

CS Executive · Tax Laws and Practice · PYQS · June 2018
Deduction u/s 80C from the gross total income of an amount equal to the eligible investment made subject to a maximum amount of ₹1,50,000 is allowed to the assessee who is :
(A) A Hindu Undivided Family
(B) Any person
(C) An individual
(D) Both (A) and (C)

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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