Section – 109 : “Distributable income”, “investment company” and “statutory percentage” defined
March 1, 2018
Section – 111 : Tax on accumulated balance of recognised provident fund
March 1, 2018

Section – 110 Determination of tax where total income includes income on which no tax is payable

110. 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 the amount of 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.

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