Taxation · Gross Total Income
Under the Income Tax Act, 1961, Gross Total Income is defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total income after subtracting tax payable
- 2Aggregate of income under five heads after adjustments of set-off/carry forward of losses and clubbing of income✓
- 3Aggregate of income under five heads of income after deducting allowed deductions under Chapter VI-A
- 4Aggregate of income under five heads of income only
Correct answer
Aggregate of income under five heads after adjustments of set-off/carry forward of losses and clubbing of income
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