Multiple choice Which of the following statements is correct as per the Unoin Budget 2011-2012? Additional deduction of Rs. 20,000 for investment in long-term infrastructure bonds proposed to be extended for two more years. Lower rate of 10 per cent tax on dividends received by an Indian company from its foreign subsidiary. Weighted deduction on payments made to National Laboratories, Universities and Institutes of Technology to be enhanced to 200 per cent. A net revenue loss of Rs. 15,500 crore estimated as a result of direct tax proposals. Reveal answer Fill a bubble to check yourself C Correct answer Explanation Weighted deduction on payments made to National Laboratories, Universities and Institutes of Technology to be enhanced to 200 per cent.