Clause 63 - Determination of total income. - DIRECT TAXES CODE, 2010

Determination of total income.

63. The total income of a person for any financial year shall be computed in accordance with the formula—

      (A - B) + C

      Where

      A = the gross total income from ordinary sources for the financial year;

      B = the aggregate amount of deductions allowed under sub-chapter IV; and

      C = the total income from special sources for the financial year.