Section 190 — Determination of tax where total income includes income on which no tax is payable
Old Act equivalent: Section 110 of IT Act 1961 Sub-part: A—Determination of tax in certain special cases
Statutory Text
- Where there is included in the total income of an assessee any income on which no income-tax is payable under the provisions of this Act, the assessee shall be entitled to a deduction, from income-tax with which he is chargeable on his total income, of an amount equal to the income-tax calculated at the average rate of income-tax on the amount on which no income-tax is payable. Tax on accumulated balance of recognised provident fund.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Any assessee whose total income includes income on which no income-tax is payable under the Act.
- Conditions: Total income includes income exempt from tax; deduction from tax at average rate on exempt amount.
- Time limits: None.
- Monetary limits: Deduction equal to income-tax at average rate on exempt income.
- Exceptions: None.
Cross-References
None identified.
Amendment Notes
None noted from the extracted pages.