1Where 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 incometax 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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1. Subs. by Act 10 of 1965, s. 32, for section 110 (w.e.f. 1-4-1965).
Section 101 Framing of guidelines
Section 110 Determination of tax where total income includes income on which no tax is payable
Section 111 Tax on accumulated balance of recognised provident fund
Section 111A Tax on short-term capital gains in certain cases
Section 112 Tax on long-term capital gains
Section 112A Tax on long-term capital gains in certain cases
Section 113 Tax on long-term capital gains in certain cases
Section 115A Tax on dividends, royalty and technical service fees in the case of foreign Companies