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adjusted total income

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(Querist)
21 September 2016 Is long term capital gain deductable from adjusted total income?
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Amol S Joglekar

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Amol S Joglekar (Expert)
21 September 2016 no, not really....
for finding out NORMAL income, long term capital gain is NOT considered
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pranay paturkar

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pranay paturkar (Querist)
21 September 2016 Sorry actual I want to asked, is long term capital gain deductable from total income for finding out adjusted total income
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Amol S Joglekar

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Amol S Joglekar (Expert)
21 September 2016 adjusted total income = gross total income - long term capital gain - short term capital gain of 10% category-chapter VI A deduction except 80GG - income of foreign company
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pranay paturkar

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pranay paturkar (Querist)
21 September 2016 Ok, thank you sir
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Amol S Joglekar

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Amol S Joglekar (Expert)
21 September 2016 you are most welcome.
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