Income from other sources

Dear sir,

Please refer section 56 of the Income Tax act 1961 which explains more about the Income from other sources.

“Income from Other Sources” is a residuary head of income. Any item of income chargeable to tax but does not fall within the ambit of the other four specific heads of income (ie. Income from salary, income from house property, income from Capital gains, Income from Business/ Profession) shall be included under this head of income. Also refer section 56 for understanding the head of income better.

Regards,

Devendra 

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