Explain heads of income under income tax Act, 1961.

AnswerBot
1y

Heads of income are categories under which income is classified for taxation purposes.

  • There are five heads of income: salary, house property, business/profession, capital gains, and other sources.

  • Sala...read more

Devi Lal Prajapati
3mo
Income from Salary Income from House property Income from capital gains Income from business or profession Income from other sources
Amar Singh yadav
6mo
Heads under income tax act 1961 are 1, income from salary 2 income from house property 3,income from profit and gain from business and profession,4 income from capital gain,5 income from other sources...read more
Ramisetty Venkata Murali
11mo
Under this act main 4 heads is there. They are - 1, salary slip 2, house 3, capital gain 4, profits in business 5, other sources
Deepanjali.M
1y

salary, house property, business& profession, capital gain and other sources

Shweta Manakoji
2y

Income from Salary

Income from House property

Income from capital gains

Income from business or profession

Income from other sources

K Prabu
2y

An Act to consolidate and amend the law relating to income-tax and super-tax

Malathi J
2y

1.Income from salary

2.Income from house property

3.Income from profit in business

4.Income from investments/capital assets

5.Income from other sources

Arshad Koofi
2y

Incom from salry

incom from house property 

incom from capital gains 

incom from other sources 

 

Ajith
3y
  1. Income from Salary
  2. Income from house property
  3. Income from business and profession
  4. Income from capital gains
  5. Income from other sources
Naveen Wick
3y

Five heads are

1.income from salary

2.income from house property

3.income from capital gain

4.income from business and profession

5.income from other sources.

commerce funda
3y

There's are different types of income but some of them is

Income from salary

Income from house property

Income from agriculture

Income from capital gain

Income from business

Income from other source...read more

Anonymous
3y

Five head of income tax

Income from salary

Income from house property

Income from capital gain

Income from business and professional

Income from other sources

Rath Na
3y
  1. Income from salary
  2. Income from house rent
  3. Income from business and professional
  4. Income from capital gains
  5. Income from other sources
Kavitha M
4y

Income  from salary 

Income from houseproperty

Income from business or profession

Income from other sources 

Capital gains

 

chaitra ravi1120
4y

Income from business

Imcrome from houseproperty

Income from salary

Income from capital gain

Imcome from other sources

Divya Grace
4y

Five heads of income tax which include income from salary,house property ,capital gain ,buisness n profession n other sources.

 

Vasantha Kugatam
4y

Income from salary 

Income from business 

Income from house property 

Income from other sources 

Capital gain business 

Anonymous
4y

Five head are Including in Income Tax. There are following below:-

1. Income from Salary.

2. Income from House property.

3. Income from Capital Gain.

4. Profit from Business and Professional.

5. Incom...read more

Annu Nigam
4y

Five head 

Salary head 

House property head 

PGBP head

Capital gain head

Other source

Anonymous
4y

Dedit the receiver credit the giver

Debit what comes in credit what goes out

Debit expenses and lossess credit all incomes and gains

Sowmiya
4y

Income from property, capital gains and business income. Different types of revenues chargable to income tax

Anonymous
4y
1) Salaries income. 2) Income from house property. 3) Income from capital gains. 4) Profit from business or profession. 5) Income from other sources.
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