Exemption under Chapter III of Income Tax Act

Lekha Balakrishnan (Lawyer) (56 Points)

08 September 2008  

Pls help...

I want to know if an exemption is provided for under Income Tax Act will it then be excluded from the purview of 'toatl income' entirely? Or is it only after the taxable income is determined that the question of an exemption is worked out?