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Question
What is Gross Total Income?
Short/Brief Note
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Solution
According to section 80 B (5) Income computed under the following heads shall be aggregated after adjusting past and present losses and the total so arrived is known as ‘Gross Total income’.
- Income from Salaries
- Income from House Property
- Income from Business or Profession
- Income from Capital Gain
- Income from Other Sources
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Income Tax
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