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of <h1>Understanding 'Average Adjusted Total Income' Calculation Under Section 44C of Income Tax Act 1961</h1> 'Average adjusted total income' under section 44C of the Income Tax Act 1961 is defined based on the number of assessable years. If the assessee's total income is assessable for each of the three preceding assessment years, it is calculated as one-third of the aggregate adjusted total income for those years. If assessable for only two years, it is one-half of the aggregate adjusted total income for those years. If assessable for only one year, it is the adjusted total income for that year.
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