TaxTMI 
TaxTMI 
What is the meaning of Adjusted Totak Income ? How To calculate it for Income Tax Purpose ?
Nitika
Adjusted Total Income
17 Mar 2012 
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Adjusted Total Income: scope of add-back of Chapter VIA deductions clarified, with differing practitioner views on excluded categories.
Adjusted Total Income is total income with certain Chapter VIA deductions and specific investment allowance deductions reinstated; practitioner views differ on scope-one includes most VIA deductions (with specified exclusions) while the other limits add-back to deductions under the VIA heading "C", excluding many common VIA deductions but reinstating a separate subset except for expressly excluded items. (AI Summary)
Adjusted Total Income is total income with certain Chapter VIA deductions and specific investment allowance deductions reinstated; practitioner views differ on scope-one includes most VIA deductions (with specified exclusions) while the other limits add-back to deductions under the VIA heading "C", excluding many common VIA deductions but reinstating a separate subset except for expressly excluded items. (AI Summary)