Exempted Income

1. In which of the following section of Income Tax Act exempted income have been mention
   (a)  Section 80 IA
   (b) Section 88
   (c) Section 10
   (d) Section 80
2. Raghu traced a missing girl by spending Rs. 20,000. For this, he was awarded with a sum of  Rs. 1,20,000. In this case the award is taxable to the extent of _
   (a) Rs.1,00,000
   (b) Rs. 1,20,000
   (c) Rs. 1,15,000
   (d) Nil. (CS June 2016)