In 80GG calculation gross salary+house property - chapter vi a deduction before 80gg
above one is adjusted total income?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 25 May 2023
Partly correct...
The adjusted total income means the total income minus the adjustments:
The following should be deducted from the total income:
- Long term capital gain
- Short-term capital gains which are taxed at 15% that is u/s 111A
- Deductions from 80C to 80U (i.e. Chapter VI A) (before deduction u/s. 80GG) &
- Income u/s 115A to 115D
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