1. Rajan, a resident Indian, has incurred ₹ 15,000 for medical treatment of his dependent brother, who is a person with severe disability and has deposited ₹ 20,000 with LIC for his maintenance. Deduction available to Rajan u/s 80DD shall be:
2. GTI of Arpita for PY 2024-25 is ₹ 6,00,000. She had taken a loan of ₹ 7,20,000 in FY 2021-22 from a bank for her husband who is pursuing MBA course from IIM, Kolkata. On 02.04.2024, she paid the first installment of loan of ₹ 45,000 and interest of ₹ 65,000. Compute her total income for AY 25-26.
3. Soumil, aged 47 years, paid medical insurance premium of ₹ 15,000 and ₹ 20,000 to insure health of himself and his spouse, respectively. He also paid medical insurance premium of ₹ 43,000 to insure health of his father, aged 69 years, not dependent on him. He had also incurred ₹ 4,000 in cash on preventive health check-up of his father. Total deduction admissible u/s 80D to Mr Soumil is:
4. Mr Pulkit, aged 45 years, paid health insurance premium in lump sum of ₹ 90,000 for three years on 01-04-2024. Deduction allowable to him for AY 25-26 shall be:
5. In respect of loan of ₹ 40 lakhs sanctioned by SBI in April 2024 for purchase of residential house intended for self-occupation, compute the interest deduction allowable under the provisions of the Act for AY 2025-26, assuming that the disbursement was made on 1st June 2024, the rate of interest is 8% p.a. and the loan sanctioned was 80% of the stamp duty value of the property.
6. Mr Ritvik has purchased his first house in Gwalior for self-occupation on 5.4.2022 for ₹ 45 lakhs (SDV being the same) with bank loan sanctioned on 30.3.2022 and disbursed on 3.4.2022. He paid interest of ₹ 3.8 lakhs during PY 2024-25. What is the tax treatment of interest paid by him?
7. Mr Krishna is a philanthropic person. During PY 24-25, out of his total receipts, he gave away ₹ 8L in cash to Prime Minister’s National Relief Fund and was left with only ₹ 2L which is just enough money to meet his personal requirements. On these facts, Mr Krishna is of the view that as ₹ 2L is below the maximum amount not chargeable to tax, no income of him is chargeable to tax during the previous year. He approaches you to file his income tax return showing ₹ 2L as his gross total income. Do you agree with the view of Mr Krishna? Also, compute the amount of his total income.
8. Mr Anuj is a businessman whose total income (after allowing deduction under Chapter VI-A except u/s 80GG) for AY 2025-26 is ₹ 5,95,000. He does not own any house property and is staying in a rented accommodation in Patna for a monthly rent of ₹ 9,000. Deduction u/s 80GG for AY 2025-26 is:
9. XYZ Ltd has two units, one unit at SEZ and other unit at DTA. The unit in SEZ was set up and started manufacturing from 12.3.2016 and unit in DTA from 15.6.2019. Total turnover of XYZ Ltd and Unit in DTA is ₹ 8.50cr and ₹ 3.25cr respectively. Export sales of unit in SEZ and DTA is ₹ 2.50cr and ₹ 1.25cr respectively and net profit of Unit in SEZ and DTA is ₹ 80L and ₹ 45L respectively. During PY 2024-25, XYZ Ltd would be eligible for deduction u/s 10AA for:
10. Mr Krishna, a resident Indian aged 61 years, maintains a saving a/c with a co-operative land development bank and he earns ₹ 20,000 as interest on saving a/c for FY 2024-25. Mr Krishna also maintains a FD and RD with Mani Finance (a NBFC) and earns ₹ 25,000 and 10,000 as interest on FD and RD, respectively. What would be the deduction allowable to Mr Krishna under Chapter VI-A for AY 2025-26?
11. Mr Ashutosh purchased his first dream home in Delhi on 16.8.2024. He applied for home loan of ₹ 40L from IDFC bank on 15.7.2024, the same was sanctioned by bank on 20.7.2024. SDV of the said house was ₹ 44L. Interest due on the said home loan is ₹ 3,75,000 for FY 2024-25. Due to liquidity issues, Mr Ashutosh could only pay ₹ 3,26,000. Compute the total interest deduction Mr Ashutosh can claim for AY 2025-26.
12. Rudra Ltd has two units, one unit at Special Economic Zone (SEZ) and other unit at Domestic Tariff Area (DTA). The unit in SEZ was set up and started manufacturing from 22.5.2019 and unit in DTA 10.7.2020. Total turnover of Rudra Ltd and Unit in DTA is ₹ 7,50,00,000 and 2,75,00,000, respectively. Export sales of unit in SEZ and DTA is ₹ 3,25,00,000 and ₹ 1,50,00,000, respectively and net profit of Unit in SEZ and DTA is ₹ 60,00,000 and ₹ 40,00,000, respectively. Rudra Ltd would be eligible for deduction u/s 10AA for:
13. Mr Raj, aged 65 years, is a salaried person. He has taken a LIP on his major son’s name on 01.11.2016. The sum assured of LIP is ₹ 16,00,000 and the premium payable is ₹ 1,70,000. He has also taken a medical policy of ₹ 10,00,000 for self and his wife on 01.11.2024. The medical policy is valid for 5 years. He has paid one time premium of ₹ 1,80,000. What is the total deduction available to Mr Raj for AY 2025-26?
14. Mr Akash is constructing a residential house property in Patna for self-occupation. He has taken a loan of ₹ 40 lakhs from SBI on 30.3.2024 for this purpose. He pays interest of ₹ 2.50 lakhs during PY 2024-25. He repays ₹ 1.50 lakhs towards principal on 31.3.2025. The construction is completed in May 2025. SDV of the house is ₹ 46 lakhs. This is the only house property of Mr Akash. For AY 2025-26,
15. Roshini Ltd has two units, one unit at SEZ and other unit at DTA. The unit in SEZ was set up and started manufacturing from 12.5.2015 and unit in DTA from 15.6.2018. Total turnover of Roshini Ltd and Unit in DTA is ₹ 12,50,00,000 and 4,50,00,000, respectively. Export sales of units in SEZ and DTA is ₹ 3,50,00,000 and ₹ 2,25,00,000, respectively and net profit of Unit in SEZ and DTA is ₹ 95,00,000 and ₹ 80,00,000, respectively. Out of the export sales of ₹ 3,50,00,000, ₹ 2,00,00,000 have been received in convertible foreign exchange by 30.9.2025. Roshini Ltd would be eligible for deduction u/s 10AA for:
