TMI BlogDeduction u/s.80IC on the profits - gross total income - Going with the prescription of section 80A(2)...Deduction u/s.80IC on the profits - gross total income - Going with the prescription of section 80A(2) of the Act, if the gross total income is more than the aggregate amount of deductions under Chapter VI-A, then such total amount of deductions is reduced from it to find out the total income. If however, the aggregate amount of deductions under this Chapter happens to be more than the gross total income, then such aggregate amount of deductions gets restricted to the amount of the gross total i..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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