Section 14-Heads of income

Heads of income

  1. Incomes of income-tax shall  be classified under the following heads of income :—
    A. Salaries.
    B. Interest on securities omitted Finance Act, 1988, w.e.f. 1-4-1989.
    C. Income from house property.
    D. Profits and gains of business or profession.
    E. Capital gains.
    F. Income from other sources.

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