https://www.taxtmi.com/manuals?id=4031 Deductions under Chapter VIA cannot exceed the taxpayer's Gross Total Income (GTI); these deductions are confined to income accumulated in GTI. Certain categories are excluded from GTI for this purpose, including long term and short term capital gains taxed preferentially, incomes subject to special tax provisions, and casual incomes such as lottery or horse race winnings, and therefore do not form the base against which Chapter VIA deductions may be claimed. en-us Fri, 22 Dec 2023 16:45:00 +0530 Fri, 05 Jan 2024 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4031 Deductions under Chapter VIA cannot exceed the taxpayer's Gross Total Income (GTI); these deductions are confined to income accumulated in GTI. Certain categories are excluded from GTI for this purpose, including long term and short term capital gains taxed preferentially, incomes subject to special tax provisions, and casual incomes such as lottery or horse race winnings, and therefore do not form the base against which Chapter VIA deductions may be claimed. Manuals Income Tax Fri, 22 Dec 2023 16:45:00 +0530 https://www.taxtmi.com/manuals?id=4031