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Home Acts & Rules Bills Bills Direct Taxes Code, 2010 Chapter II = HEADS OF INCOME Chapters List This

HEADS OF INCOME - Direct Taxes Code, 2010

Chapter: III

COMPUTATION OF TOTAL INCOME

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.

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