Taxation - Income TaxMCQQuestion 6108 of 146
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16. ‘Truth is God’, a religious trust u/s 12AA of the Income-tax Act, 1961, provides service by way of renting of premises within the precincts of a religious place which is exempt upto ` ___________.

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — ₹ 999 per day

All Options:

  • A₹ 999 per day ✓
  • B₹ 1,000 per day
  • C₹ 9,999 per day
  • D₹ 10,000 per day (1 Mark) Answer Key Question No. Answer

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

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