Aggregate deduction cap restricts total deductions under sections 70, 71 and 72 to a statutory ceiling. The provision prescribes an aggregate limit on deductions: the combined amount allowable under sections 70, 71 and 72 of the Direct Taxes Code, 2010 is ... Summary
Aggregate deduction cap restricts total deductions under sections 70, 71 and 72 to a statutory ceiling.
The provision prescribes an aggregate limit on deductions: the combined amount allowable under sections 70, 71 and 72 of the Direct Taxes Code, 2010 is capped by a single statutory ceiling, restricting the cumulative deductions claimable under those sections.
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