Income-tax Act, 1961

Section - 10 - Incomes not included in total income

CHAPTER III

INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME

Incomes not included in total income.

10. In computing the total income of a previous year of any person, any income falling within any of the following clauses shall not be included-

(1) - agricultural income ;
(2) - subject to the provisions of sub-section (2) of section 64, any sum received by an individual as a member of a Hindu undivided family, where such sum has been paid out of the income of the family, or, in the case of any impartible estate, where such sum has been paid out of the income of the estate belonging to the family ;
(2A) - in the case of a person being a partner of a firm which is separately assessed as such, his share in the total income of the firm.
-Explanation.-For the purposes of this clause, .... To read the full section download the app from Google Play store