Determination of total income
60. The total income of a person for any financial year shall be computed in accordance with the formula-
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A - (B + C) |
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Where |
A |
= |
the 'gross total income from ordinary sources', for the financial year; |
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B |
= |
the aggregate amount of deductions allowed under sub-chapter I; and |
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|
C |
= |
the aggregate amount of deductions allowed under sub-chapter I; and |
