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August 6, 2015 - Optima Money

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Deductions under chapter VI-A of Income Tax Act for AY 2016-2017

Deductions under chapter VI-A of Income Tax Act for AY 2016-2017

Income tax act provides scope of claiming deduction from gross total income. Income earned by an individual under different heads like salary, business or profession is clubbed together to calculate the gross total income. Then eligible deductions are claimed and tax is calculated on the balance income. Here we shall discuss deductions allowed for assessment […]

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