Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Deduction calculation uses income determined under the Income-tax Act before any Chapter deductions are applied</h1> Where a deduction under this Chapter for a specified type of income is to be made and that income is included in the assessee's gross total income, the income amount for computing the deduction must be the income of that nature as determined under the Income-tax Act itself before any deductions under this Chapter are applied; that determined figure alone is to be treated as the income of that nature derived or received and included in the gross total income for deduction purposes.