adjusted GTI u/s 80 G.

Answer 1.

Adjusted GTI :

GTI as reduced by-

1.Deductions under chapter VI-a, except 80G

2.Long term Cap gain (Sec 112)

3. short term cap gain (sec 111a)

4. income of NRI's chargeble to saperate rates( sec 115a, ab,ac,ad,bb)

i will come with other answers

Answer 2.

No the unabosrbed Dep(u/s 32[2] ) can not be set of under the salay head

Answer3.
usually capital expenditure is not allowed to be deducted for income tax peruse but it seems that you are talking about cap exp u/s 35

Order of Set-off
 
In case where profits are insufficient to absorb brought forward losses, current depreciation and current business losses, the same should be deducted in the following order
 
-Current scientific research expenditure [Sec. 35(1)].
-Current depreciation [Sec. 32(1)].
-Brought forward business losses [Sec. 72(1)].
-Unabsorbed family planning promotion expenditure [Sec. 36(1)(ix)].
-Unabsorbed depreciation [Sec. 32(2)].
-Unabsorbed scientific research capital expenditure [Sec. 35(4)].
-Unabsorbed development allowance [Sec. 33A(2)(ii)].
-Unabsorbed investment allowance [Sec. 32A(3)(ii)].

Answer 4.
Types of Rebats
1. 86- this section does not related to any rebate. it is responsible to tax the Share of member of an association of persons or body of individuals in the income of the association or body

2. 89- this one is about Relief when salary, etc., is paid in arrears or in advance.

3. 90& 91-Double taxation relief
where an agreement entered into by the Central Government with the Government of any country outside India for granting relief of tax or as the case may be, avoidance of double taxation, provides that any income of a resident of India "may be taxed" in the other country, such income shall be included in his total income chargeable to tax in India in accordance with the provisions of the Income-tax Act, 1961 (43 of 1961), and relief shall be granted in accordance with the method for elimination or avoidance of double taxation provided in such agreement.

Answer no 5.

When an
income is diverted by what is known as an `overriding title', the said income which is so
diverted is considered not to be the income of the assessee, thus escaping the rigors of
taxation. In principle, if a person has alienated or assigned the source of his income so that it
no longer remains his income, he cannot be taxed on income arising after assignment of the
source. 2 This is as opposed to an application of income. A mere application of income after
it is earned, would not escape taxation in the hands of the assessee

thats all i have i didnt know about next three and plz correct me if i have posted anythjing wrong in my answers

thanxxx harish ,,,,yaar.............I would be helpful for me

hey....
 

pls tell me the reason ..

while computing adjuted GTI, LTCG,STCG 111A are deducted., why casual income is not deducted from gross total income?

pls reply....