Under the Income Tax Act, advance tax is payable in installments throughout the financial year. The fourth and final installment for all taxpayers (other than those opting for presumptive taxation) is due on or before the 15th of March of the relevant financial year.

Relief under Section 91 is calculated as the lower of the tax paid in the foreign country or the tax payable on such income in India at the average rate. Given the specific tax slabs and the absence of a DTAA, the calculation results in Rs. 1,932. This mechanism prevents the same income from being taxed twice in different jurisdictions.

Section 80C of the Income Tax Act allows taxpayers to claim deductions for various investments and expenditures, including premiums paid for life insurance policies like ULIPs. This provision is designed to encourage long-term savings and financial security among individual taxpayers.

According to the Income Tax Rules, the mandatory quoting of a Permanent Account Number (PAN) is required for transactions involving the sale or purchase of securities where the value exceeds Rs. 1,00,000 per transaction. This measure is designed to enhance transparency and track high-value financial transactions within the securities market to prevent tax evasion.

The correct mapping is: (a) Amount deposited in PPF falls under Section 80C; (b) Profits from infrastructure development fall under Section 80-IA; (c) Contribution to the National Defence Fund falls under Section 80G; (d) Profits from an undertaking in a Special Economic Zone fall under Section 80-IAB. This aligns with option B.

Section 80C of the Income Tax Act, 1961, provides a comprehensive list of eligible investments and expenditures that qualify for tax deductions. This includes life insurance premiums, contributions to the Public Provident Fund (PPF), recognized provident funds, and other specified savings schemes, up to the prescribed limit.

The statements provided regarding specific TDS sections and their application to call centers or interest on securities are legally inaccurate based on standard tax code interpretations, leading to the conclusion that both statements are false.

Tax Deducted at Source (TDS) is a mechanism introduced by the Income Tax Department to collect tax at the very source of income generation. Under the Indian Income Tax Act, the provisions governing TDS are primarily contained within Sections 192 through 206CA. These sections mandate that the person responsible for making specified payments must deduct tax at the prescribed rates before remitting the balance to the payee.

As per the provisions of the GST Act, specified government entities and public sector undertakings are required to deduct TDS at a rate of 1% on payments made to suppliers of taxable goods or services, provided the contract value exceeds a specified threshold.

Under the Income Tax Act, deductions for contributions to political parties are permitted to encourage transparency. However, to prevent the use of unaccounted money, the law explicitly mandates that no deduction shall be allowed for any contribution made to a political party if the payment is made in cash. Payments must be made through banking channels.