n NISM Certifications
NSM General NISM
Medium

Which section of the Income Tax Act provides tax benefit for certain investments, effectively increasing the return on investment after considering the net amount invested?

Practice question from Taxation Test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Section 80C

    Correct answer

  2. B

    Section 10(38)

  3. C

    Section 112A

  4. D

    Section 111A

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

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.