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Adjusted Total Income |
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What is the meaning of Adjusted Totak Income ? How To calculate it for Income Tax Purpose ?
Nitika Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Adjusted total income means Total Income as increased by deduction Claimed under chapter VI-A (other than 80P) & Section 10AA.
Adjusted total income would be total income as increased by NOT all deductions under chapter VIA but only deductions covered under the Heading "C" of chapter VIA. hence the deductions from section 80C to 80GGC and 80U would not be added back. Therefore the deductions from 80HH to 80RRB would be added back except section 80P and 10AA. Page: 1 Old Query - New Comments are closed. |
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