COMPUTATION OF TOTAL INCOME - DIRECT TAXES CODE, 2010

Chapter: III
COMPUTATION OF TOTAL INCOME
Chapter: I
GENERAL
Clause 12	:	Computation of total income.
Clause 13	:	Classification of sources of income.
Clause 14	:	Computation of income from ordinary sources.
Clause 15	:	Computation of income from special sources.
Clause 16	:	Apportionment of income between spouses governed by Portuguese Civil Code.
Clause 17	:	Avoidance of double taxation.
Clause 18	:	Expenditure not to be allowed as deduction.
Clause 19	:	Amount not deductible where tax is not deducted at source.
Chapter: A
Income from employment
Clause 20	:	Income from employment.
Clause 21	:	Computation of income from employment.
Clause 22	:	Scope of gross salary.
Clause 23	:	Deductions from gross salary.
Chapter: B
Income from house property
Clause 24	:	Income from house property.
Clause 25	:	Computation of income from house property.
Clause 26	:	Scope of gross rent.
Clause 27	:	Deductions from gross rent.
Clause 28	:	Provision for advance rent received.
Clause 29	:	Provision for arrears of rent received.
Chapter: C
Income from business
Clause 30	:	Income from business.
Clause 31	:	Business when teated distinct and separate.
Clause 32	:	Computation of income from business.
Clause 33	:	Gross earnings.
Clause 34	:	Determination of business expenditure.
Clause 35	:	Determination of operating expenditure.
Clause 36	:	Determination of finance charges.
Clause 37	:	Determination of capital allowances.
Clause 38	:	Determination of depreciation.
Clause 39	:	Determination of initial depreciation.
Clause 40	:	Deduction for terminal allowance.
Clause 41	:	Deduction for scientific research and development allowance.
Clause 42	:	Computation of proft on transfer of a business capital asset.
Clause 43	:	Special provisions relating to business reorganisation.
Clause 44	:	Meaning of actual cost.
Clause 45	:	Meaning of written down value and adjusted value of assets.
Chapter: D
Capital gain
Clause 46	:	Capital gains.
Clause 47	:	Income from certain transfers not to be treated as capital gains
Clause 48	:	Financial year of taxability.
Clause 49	:	Computation of income from transfer of any investment asset.
Clause 50	:	Full value of consideration.
Clause 51	:	Deduction for cost of acquisition etc.
Clause 52	:	Indexed cost of acquisition or improvement.
Clause 53	:	Cost of acquisition of an investment asset.
Clause 54	:	Relief for rollover of investment asset.
Clause 55	:	Relief for follover of investment asset.
Chapter: E
Income from residuary sources
Clause 56	:	Income from residuary sources.
Clause 57	:	Computation of income from residuary sources.
Clause 58	:	Gross residuary income.
Clause 59	:	Deductions from gross residuary income.
Chapter: III
AGGREGATION OF INCOME
Clause 60	:	Aggregation of income under a head of income.
Clause 61	:	Aggregation of income from ordinary sources.
Clause 62	:	Aggregation of income from special sources.
Clause 63	:	Determination of total income.
Clause 64	:	Special provisions relating to business reorganisation or conversion of a company into a Limited liability partnership.
Clause 65	:	Aggregation of losses in case of change in constitution of unincorporated body.
Clause 66	:	Aggregation of losses in the case of certain companies.
Clause 67	:	Aggregation of loss not to be allowed in the case of filing of return after due date.
Chapter: IV
TAX INCENTIVES
Clause 68	:	Deductions from gross total income from ordinary sources.
Clause 69	:	Deduction for savings.
Clause 70	:	Deduction from life insurance.
Clause 71	:	Deduction for health insurance.
Clause 72	:	Deductions for education of children.
Clause 73	:	Limit on deductions under sections 70, 71 and 72.
Clause 74	:	Deduction of interest on loan taken for house property.
Clause 75	:	Deduction of interest on loan taken for higher education.
Clause 76	:	Deduction for Medical treatment, etc.
Clause 77	:	Deduction to a person with disability.
Clause 78	:	Deduction for medical treatment and maintenance of a dependant person with disability.
Clause 79	:	Deduction of contribution or donations to certain funds or non-profit organisations.
Clause 80	:	Deduction for rent paid.
Clause 81	:	Deduction for political contributions.
Clause 82	:	Deduction of income of Investor Protection Fund.
Clause 83	:	Deduction of royalty income of authors.
Clause 84	:	Deduction of royalty on patents.
Clause 85	:	Deduction of income of cooperative society from banking activities.
Clause 86	:	Deduction of income of primary Co-operative societies.
Chapter: V
MAINTENANCE OF ACCOUNTS AND OTHER RELATED MATTERS
Clause 87	:	Maintenance of accounts
Clause 88	:	Audit of accounts and reporting of international transaction.
Clause 89	:	Method of accounting.