Determination of tax where total income includes income on which no tax is payable

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Full Text of the Document

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....ssee any income on which no income-tax is payable under the provisions of this Act, the assessee shall be entitled to a deduction, from the amount of income-tax with which he is chargeable on his total income, of an amount equal to the income-tax calculated at the average rate of income-tax on the amount on which no income-tax is payable.]     ***************** NOTES:- 1.  Su....