Economy, asked by sultan7725, 11 months ago

Discuss any 5 deduction from gross total income which are important for tax planning?

Answers

Answered by Anonymous
1

The Income Tax Act specifies how gross total income of an assessee is arrived at. Also, certain deductions on the gross total income are allowed. The deductions are detailed in Chapter VIA of the Income Tax Act and must be distinguished from the exemptions provided in Section 10 of the Act.

Answered by mayank617934
0

Answer:

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