Question
What is the maximum deduction allowed under Section 80U
of the Income Tax Act, 1961, for an individual with a normal disability?Solution
Section 80U allows a deduction of a sum of Rs. 75,000 to an individual, being a resident, who, at any time during the previous year, is certified by the medical authority to be a person with disability. The deduction is available for any expenses incurred in connection with the disability, such as medical expenses, education expenses, and training expenses. In the case of a person with severe disability, the maximum deduction allowed is Rs. 1,25,000.
The judges of the Supreme Court hold office till they reach the age of _______.
What is the maximum deposit limit under the Senior Citizen Savings Scheme (SCSS)?
The Quit India Movement started in the year:
Which organization has allowed India registered Alternative Investment Funds (AIFs) to invest in foreign entities without having any link with India?
Which of the following is the legislative organ of the Union Government?
The world’s highest bridge is built on which river?
Find the odd one out
Identify the oldest iron and steel company of India from the following options.
In 1680, _________, son of Shivaji, ascended the throne after winning the war of succession against his brother Rajaram.
There are two circles C₁ and C₂ of radii 3 and 8 units, respectively. The common internal tangent, T touches the circles at points P₁ and P₂, re...
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