please expain this section

88 views 1 replies
section 2(45) of income tax act 1961
Replies (1)

Section 2(45) "total income" means the total amount of income referred to in section 5, computed in the manner laid down in the Act

 

difference-gross-income-total-income

 

Taxable income = Gross income - (Deductions + Exemptions)


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