pls give me a short note on income from other sources ?
4 Replies
CA.B.Sivakumar
(-)
(162 Points)
Replied 21 August 2011
Dear sir,
Please refer section 56 of the Income Tax act 1961 which explains more about the Income from other sources.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 21 August 2011
“Income from Other Sources” is a residuary head of income. Any item of income chargeable to tax but does not fall within the ambit of the other four specific heads of income (ie. Income from salary, income from house property, income from Capital gains, Income from Business/ Profession) shall be included under this head of income. Also refer section 56 for understanding the head of income better.
Regards,
Devendra
HUSSAIN
(Business)
(111 Points)
Replied 21 August 2011
pls help me anybody have notes on commercial and industrial law and auding
pls send
Tehsinkhan Pathan
(CA CMA DISA(ICAI) B.COM)
(3956 Points)
Replied 21 August 2011
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