Prime Minister’s National Relief Fund

Consider the following statements with reference to the Prime Minister’s National Relief Fund (PMNRF):

  1. Prime Minister's National Relief Fund (PMNRF) was established entirely with public contributions and does not get any budgetary support.
  2. All contributions towards PMNRF are exempt from Income Tax under section 80(G).
Choose the correct answer from the codes given below:
A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2