Deduction.

155 views 6 replies
can anyone give me an insight to this.
question is..
* Enumerate the deductions that are allowed from the gross total income of an assessee in computing his total income.
Replies (6)
Please refer chapter VIA of the IT Act
hey... so i came up with this... can you please help me if whether i am on a right track..
...
As per sec14, following are the 5 heads...
.Salary
.Income from house property
.Profits and gains of business or profession
.Capital gains
.Income from other sources.

so, to enumerate.. if these are correct, does it mean that i should define and explain these heads or...?

Yes. The above said list Exactly correct order....

Than Raja P M......
i mean Thank You Raja P M

You are most welcome dear...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register