5_6334505926086623939.pdf - VG STUDY HUB 7703880232...

VG STUDY HUB 7703880232
TAX VACCINE - LAST DOSE “MCQ’s Series”
Session – 4 ( INCOME TAX)
1. As per section 80CCE 1.5 lakh is the maximum qualifying limit for deduction under -
(a) Section 80C and 80CCD.
(b) Sections 80C, 80CCC and 80CCD (2)
(c) Sections 80C, 80CCC and 80CCD(1)
(d) Section 80C, 80CCC and 80CCD
2. An assessee has paid life insurance premium of ` 25,000 during the previous year for a policy
of`1,00,000 taken on 1.4.2015. He shall:
3. Mr. Srivastav, aged 72 years, paid medical insurance premium of `40,000 by cheque and `4,000
by cash during May, 2020 under a Medical Insurance Scheme of the General Insurance
Corporation. The above sum was paid for insurance of his own health. He would be entitled to a
deduction under section 80D of a sum of-
4. The maximum amount which can be donated in cash for claiming deduction under section 80G is –
5. Mr. Shiva made a donation of `50,000 to National Children's Fund and `20,000 to Rajiv Gandhi
Foundation by cheque. He made a cash donation of `10,000 to a public charitable trust. The
deductionallowable to him under section 80G for A.Y.2021-22 is
(a) `80,000 (b) `70,000 (c) `60,000 (d) `35,000