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प्रश्न
What do you mean by Total Income?
टीपा लिहा
उत्तर
Out of Gross Total Income, Income Tax Act 1961 allows certain deductions under section 80. After allowing these deductions the figure which we arrive at is called ‘Total Income’ and on this figure tax liability is computed at the prescribed rates.
- Gross Total Income
- Less: Deductions (Sec. 80C to 80U)
- Total Income (T.I.)
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Income Tax
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 32: Direct Taxes - Exercises [पृष्ठ ३२०]
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संबंधित प्रश्न
Choose the Correct Answer.
The period of assessment year is ______
Choose the Correct Answer.
The year in which income is earned is known as ______
Choose the Correct Answer.
The aggregate income under five heads is termed as ______
What is meant by the previous year?
Define the term person?
Define the term assessee?
What is an assessment year?
List out the five heads of income.
Elucidate any five features of Income Tax.
Discuss the various kinds of assesses.
