Explain heads of income under income tax Act, 1961.
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
salary, house property, business& profession, capital gain and other sources
Income from Salary
Income from House property
Income from capital gains
Income from business or profession
Income from other sources
An Act to consolidate and amend the law relating to income-tax and super-tax
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
Incom from salry
incom from house property
incom from capital gains
incom from other sources
- Income from Salary
- Income from house property
- Income from business and profession
- Income from capital gains
- Income from other sources
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.
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
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
- Income from salary
- Income from house rent
- Income from business and professional
- Income from capital gains
- Income from other sources
Income from salary
Income from houseproperty
Income from business or profession
Income from other sources
Capital gains
Income from business
Imcrome from houseproperty
Income from salary
Income from capital gain
Imcome from other sources
Five heads of income tax which include income from salary,house property ,capital gain ,buisness n profession n other sources.
Income from salary
Income from business
Income from house property
Income from other sources
Capital gain business
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
Five head
Salary head
House property head
PGBP head
Capital gain head
Other source
Dedit the receiver credit the giver
Debit what comes in credit what goes out
Debit expenses and lossess credit all incomes and gains
Income from property, capital gains and business income. Different types of revenues chargable to income tax
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