Satish Kumar (185 Points)
20 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 20 June 2018
Gross income minus all such deductions u/c VIA, or say deduction u/s. 80GG will be net taxable income.......
Sarath Rajendran
(Nil)
(2791 Points)
Replied 20 June 2018
No such specified limit
For the income above 2,50,000 all individuals are liable to file and pay tax as per income tax act
Sarath Rajendran
(Nil)
(2791 Points)
Replied 20 June 2018
Your Question is for Calculating Qualifing Amount for 80GG Deduction Follow the below mentioned Equation
The adjusted total income means :-
Gross Total Income
Less, Long Term Capital Gain, Short Term Capital Gain of 10% category, Deductions under sections 80C to 80U except section 80GG and income of foreign company.
Satish Kumar
(185 Points)
Replied 20 June 2018
rama krishnan
(12239 Points)
Replied 21 June 2018
CAclubindia
