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what is GTI ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

1. Salaries 2. Income for house property 3. Profits and gains of business 4. Capital gains 5. Income for other sources.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 3 years ago

**GTI** As per section 14, income of a person is computed under the following five heads : 1. Salaries 2. Income for house property 3. Profits and gains of business 4. Capital gains 5. Income for other sources. The aggregate income under these heads is termed as “gross total income” In other words, gross total income means total income computed in accordance with the provisions of the Act before making any deduction under section80C to 80U. Thanks

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Data?1494421730 rohit awasthi answered about 3 years ago

Dear Friend > Gross Total Income (G.T.I) :- The aggregate income under the 5 heads of income (viz. Salary, House Property, Business or Profession, Capital Gains & Other Sources) is termed as “Gross Total Income”. Total Income (T.I) :- Total Income of assessee is gross total income as reduced by the amount permissible as deduction under sections 80C to 80U. Thanks

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