n NISM Certifications
XXI NISM Series XXI-A
Medium

'Tax Deduction' means:

Practice question from NISM XXI A for PMS - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. An amount that reduces taxable income

    Correct answer

  2. B

    An amount added to income to increase tax liability

  3. C

    A tax payable on income earned abroad

  4. D

    A penalty for late tax payments

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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