Income-tax and Corporate Tax Planning - Income Tax and Corporate Tax Planning Section 3

Only adding Income under five heads of Income

Adding Income under five heads of Income excluding losses

Adding Income under five heads of Income, after applying clubbing provisions and making adjustment of set-off and carry forward of losses

Adding Income under five heads of Income, after applying clubbing provisions and making adjustment of set-off and carry forward of losses and after allowing deduction under sections 80C to 80U

Gross total income

Total income

Income from business or profession

Income from house property

Be allowed in respect of sum paid by way of cash

Not be allowed if payment made in cash

This type of deduction is not allowed whether payment is in cash or not

Be allowed if payment made in cash, subject to certain conditions

50,000

75,000

80,000

1,00,000