Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Income-tax and Corporate Tax Planning Deduction and Collection of tax at source
Mr.Jagdish, an employee instructs his employer that he is not interested in receiving the salary for April 2020 and same might be donated to charitable institution. Taxability of such amount in hands of Mr.Jagdish will be-
1
Provided as a Deduction
2
Taxable under the head salary
3
Taxable under the head PGBP
4
Taxable under the head capital gain