Aggregation of income: defines computation of total income as gross income minus deductions plus special source income. Aggregation of income prescribes the method for computing a person's total income for a financial year by combining three components: gross total income from ordinary sources, the aggregate amount of deductions allowed under sub-chapter IV, and the total income from special sources, such that total income equals gross ordinary income minus allowed deductions plus special-source income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Aggregation of income: defines computation of total income as gross income minus deductions plus special source income.
Aggregation of income prescribes the method for computing a person's total income for a financial year by combining three components: gross total income from ordinary sources, the aggregate amount of deductions allowed under sub-chapter IV, and the total income from special sources, such that total income equals gross ordinary income minus allowed deductions plus special-source income.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
