Income-tax Act, 1961

Section - 56 - Income from other sources

F.-Income from other sources

Income from other sources.

56. (1) Income of every kind which is not to be excluded from the total income under this Act shall be chargeable to income-tax under the head "Income from other sources", if it is not chargeable to income-tax under any of the heads specified in section 14, items A to E.

(2) In particular, and without prejudice to the generality of the provisions of sub-section (1), the following incomes, shall be chargeable to income-tax under the head "Income from other sources", namely :-

(i) - dividends ;
(ia) - income referred to in sub-clause (viii) of clause (24) of section 2;
(ib) - income referred to in sub-clause (ix) of clause (24) of section 2;
(ic) - income referred to in sub-clause (x) of clause (24) of section 2, .... To read the full section download the app from Google Play store