Chapter VIA - In The IT Act

Chapter VIA of the IT Act provides for a straight deduction of the whole or a specified percentage of the amount qualifying for the same in computing the total income. It has been made clear in Section 80A(2) that the aggregate of these deductions cannot exceed the gross total income of the assessee. Section 80A(3) provides that where a deduction has been allowed under Sections 80G, 8OGGA, 8OHH, 8OHHA, 8OHHB, 8OHHC, 8OHHD, 80-I, 80-IA or 80J, (described later) in computing the total income of AOP. or body of individuals, no deduction under the same section shall be allowed in computing the total income of a member of the association or body, in relation to his share in the income of the association or body.

Section 80B contains defmitions of certain terms used in Chapter VIA. The term “Gross total income” under Section 80B(5) means the total income computed in accordance with the provisions of the IT Act before making any deduction under Chapter VIA.

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