Choose the correct option from the following
A. Deductions are claimed from total income of the assessee.
B. The aggregate of deduction can exceed the gross total income, and the loss thus arising, is allowed to be set off.
C. The assessee has to claim deductions, they are not automatically allowed under the Income-tax Act, 1961
D. Deductions are allowed on all types of incomes.
Answer:C
Choose the correct option from the following
A. Deductions are claimed from total income of the assessee. B. The aggregate of deduction can exceed the gross total income, and the loss thus arising, is allowed to be set off. C. The assessee has to claim deductions, they are not automatically allowed under the Income-tax Act, 1961 D. Deductions are allowed on all types of incomes.