Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
Deduction under section 10AA limited to assessee's total income computed before applying the deduction, per amendment. Amendment declares the section 10AA deduction is to be allowed from the assessee's total income computed under the Act before giving effect to the ... Summary
Deduction under section 10AA limited to assessee's total income computed before applying the deduction, per amendment.
Amendment declares the section 10AA deduction is to be allowed from the assessee's total income computed under the Act before giving effect to the deduction and that the deduction shall not exceed that total income, thereby fixing the computation order and capping the deduction so it cannot create or enlarge a loss.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
