Head of Incomes


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This discussion clarifies the classification of income under different sections of the Indian Income Tax Act. Section 194D relates to insurance commissions, which are considered business and professional income. Section 194C covers contract income, also classified as business and professional income. Finally, Section 194K pertains to dividend income, which falls under the category of income from other sources.

26 November 2021 dear sir please tell me Below section head of income sir

194D
194C
194K
Received in 26AS

Thanks in Advance

Madhu M

26 November 2021 194 D Insurance commission
194 C contract income

Both will be considered as business and professional income.

194 K dividend income
Income from other sources.

26 November 2021 Thankful to u sir ...


Madhu m


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