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Investors who purchase zero-coupon and zero-principal bonds issued by not-for-profit organisations can claim tax deduction under which section?

1. Section 80C
2. Section 80D
3. Section 80E
4. Section 80G

Correct answer: Section 80G

Solution

Section 80G of the Income Tax Act allows deductions for donations made to approved charitable institutions. Purchasing zero-coupon, zero-principal bonds from NPOs constitutes a donation, eligible for deduction under Section 80G.

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