Inclusion of tax-exempt income: requires including income on which no tax is payable under specified chapter. Computation of Total Income requires inclusion of income on which no income-tax is payable under the relevant chapter, such that amounts exempt from tax ... Summary
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Inclusion of tax-exempt income: requires including income on which no tax is payable under specified chapter.
Computation of Total Income requires inclusion of income on which no income-tax is payable under the relevant chapter, such that amounts exempt from tax under those provisions are nevertheless aggregated into the assessee's total income for computation purposes.
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