Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Income-tax and Corporate Tax Planning Income-tax
Match the items of List I with the items of List II and choose the correct answer from the code given below.
|
|
List I |
|
List II |
|
(a) |
Compensation received by an employee |
(i) |
Exemption upto specified limit |
|
(b) |
Pension received by the widow of an employee |
(ii) |
Profits in lieu of salary |
|
(c) |
Foreign allowance for rendering services abroad |
(iii) |
Income from other sources |
|
(d) |
Children hostel allowance |
(iv) |
Fully exempt from tax |
1
(a) - (iii), (b) - (iv), (c) - (ii), (d) - (i)
2
(a) - (ii), (b) - (iii), (c) - (iv), (d) - (i)
3
(a) - (ii), (b) - (iv), (c) - (iii), (d) - (i)
4
(a) - (iv), (b) - (iii), (c) - (i), (d) - (ii)