Adjusted GTI (Gross Total Income) for the purpose of section 80G of Income Tax Act, 1961 means ............

CS Executive · Tax Laws · PYQS · December 2022
Adjusted GTI (Gross Total Income) for the purpose of section 80G of Income Tax Act, 1961 means ............
(A) Gross Total Income - STCG u/s 111A - LTCG u/s 112/112A - Exempt Incomes
(B) Gross Total Income - STCG u/s 111A - LTCG u/s 112/112A - Exempt Incomes - All deductions under chapter VI-A except Deduction u/s 80G.
(C) Gross Total Income - STCG u/s 111A - LTCG u/s 112/112A - All deductions under chapter VI-A except Deduction u/s 80G
(D) Gross Total Income - All deductions under chapter VIA except Deduction u/s 80G

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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