08-13-2011, 04:37 PM
[quote]<i>Originally posted by Sayub</i>
<br />i find it hard to understand what sec 4(5) says. 'income under sec 5 shall not be included in the computation of taxable income in accordance with sec 8 or 169 as the case may be.' if sec 8 is for computation of taxable income under sec 5 then why the words 'shall not' are used in sec 4(5)? [quote]
Rephrase s.4(5), as follows
In accordance with s.8 & 169, income u/s sec 5 shall not be included in the computation of taxable income
Further rephrase it as
According to s.8 & 169, income u/s sec 5 shall not be included in the computation of taxable income
I think you would have understood it now.
<br />i find it hard to understand what sec 4(5) says. 'income under sec 5 shall not be included in the computation of taxable income in accordance with sec 8 or 169 as the case may be.' if sec 8 is for computation of taxable income under sec 5 then why the words 'shall not' are used in sec 4(5)? [quote]
Rephrase s.4(5), as follows
In accordance with s.8 & 169, income u/s sec 5 shall not be included in the computation of taxable income
Further rephrase it as
According to s.8 & 169, income u/s sec 5 shall not be included in the computation of taxable income
I think you would have understood it now.