GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Scientific research only
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Social or statistical research only
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Scientific or social or statistical research
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None of these
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Detailed explanation-1: -(3) Payment made to a Company to be used for Scientific Research [Section 35(1)(iia)] Any sum paid to a company to be used by it for scientific research is allowed as a deduction 100% of the amount so paid in the previous year in which payment is made.
Detailed explanation-2: -Donations made under Section 80GGA are eligible for 100% tax deduction. There is no upper limit to the amount one can donate to institutes which adhere to principles under this Section and the donations can be in the form of cash, cheque or drafts.
Detailed explanation-3: -Section 80GGA Deduction can be claimed by taxpayers for donations made for scientific, social or statistical research or rural development. Section 80GGA deduction is different from Section 80G deduction.