Home  >  CS Executive  >  CS Executive Practice Test: Deductions from Total Income

50% deduction of the eligible amount is allowed u/s 80CCG, provided some of the conditions out of the following are to be fulfilled: (i) The assessee is a Resident Individual. (ii) The gross total income does not exceed ₹ 12 lakh. (iii) He has acquired listed shares or listed units of equity-oriented funds in accordance with a notified scheme. (iv) The investment is locked in for a period of 3 years from the date of acquisition in accordance with the equity-oriented scheme.

🎲 Try a Random Question  |  Total Questions in Quiz: 36  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
CS Executive Practice Test: Deductions from Total Income — practice the complete quiz, review flashcards, or try a random question.
🧠 Flashcards (fast review) 🧪 Practice Quiz ⚔️ Challenge a Friend 🥊

50% deduction of the eligible amount is allowed u/s 80CCG, provided some of the conditions out of the following are to be fulfilled:<br /> (i) The assessee is a Resident Individual.<br /> (ii) The gross total income does not exceed ₹ 12 lakh.<br /> (iii) He has acquired listed shares or listed units of equity-oriented funds in accordance with a notified scheme.<br /> (iv) The investment is locked in for a period of 3 years from the date of acquisition in accordance with the equity-oriented scheme.






ADVERTISEMENT
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.