80g within limit 50%, how to calculate Adj.GTI

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1 Points Posted on 04 March 2019
please explain with eg.
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On 04 March 2019 at 11:00 Report
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Practicing Chartered Accountant
2481 Points Posted on 04 March 2019

Adjusted gross total income is the gross total income (sum of income under all heads) less the following:

  • Amount deductible under Sections 80CCC to 80U (but not Section 80G)
  • Exempt income
  • Long-term capital gains
  • Income referred to in Sections 115A, 115AB, 115AC, 115AD and 115D, relating to non-residents and foreign companies
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On 04 March 2019 at 11:09

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