Adjusted Gross Total Income

Tax Glossary Definition

Adjusted Gross Total Income

Adjusted Total Income – The total income of a taxpayer, computed after adding back specific deductions, exemptions, or incentives claimed under various provisions of the Income Tax Act. It is primarily used for calculating Alternate Minimum Tax (AMT) or Minimum Alternate Tax (MAT) to ensure a minimum tax liability.

Example: For AMT computation, certain exemptions such as long-term capital gains or Section 10AA deductions are added back to determine the adjusted total income

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