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10823 Points
Joined November 2008
INCOMES NOT SPECIFIED IN SECTION 56
Following incomes are not mentioned in the Income Tax Act but are to be
charged to tax. Therefore, these incomes are also included in the head of income
from other sources.
1. Income from subletting
2. Interest on bank deposits and loans and securities.
3. Agricultural income from a place outside India.
4. Rent of plot of land
5. Mining rent and royalty.
6. Casual income under a will, contract, trust deed.
7. Salary payable to a member of parliament.
8. Income from undisclosed sources.
9. Gratuity paid to a director who is not an employee of a company.
10. Any casual income exceeding Rs. 5,000.