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sec 14

Sushil Kamal (90 Points)

16 September 2018

what was the B point us 14 heads of income

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11 Replies

Pranjali (intern) (2216 Points)
Replied 17 September 2018

Income from 'House Property' followed by Income from salaries is the point B. Is that what you're asking?

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Sushil Kamal (90 Points)
Replied 17 September 2018

when i open section 14 it shows
A) income from salary
B)....
C) income from house property
D) profit and gains from business and profession
E) capital gain
F) income from other sources

i want to know what was the B point

Pranjali (intern) (2216 Points)
Replied 17 September 2018

Where did you open? Because point B is income from house property. There are only 5 heads, so makes sense that there's a mistake.

Sushil Kamal (90 Points)
Replied 17 September 2018

first u please check this out mam https://taxworry.com/5-heads-income-income-tax-act-1961/

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 17 September 2018

Heads of income.

14 Save as otherwise provided by this Act, all income shall, for the purposes of charge of income-tax and computation of total income, be classified under the following heads of income :—

A.—Salaries.

26[* * *]

C.—Income from house property.

D.—Profits and gains of business or profession.

E.—Capital gains.

F.—Income from other sources.

"B.—Interest on securities, omitted by the Finance Act, 1988, w.e.f 1-4-1989.

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Sushil Kamal (90 Points)
Replied 17 September 2018

thankyou very much sir mai bhut dino se dhund rha tha muje nhi mila

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 17 September 2018

Kabhi kabhi aesi chijoko (not so important) thode samay ke liye chhod dena chaiye.....

Ya esi site ka fayda lena chaiye........... Good Luck......... & God Bless ...

Sushil Kamal (90 Points)
Replied 17 September 2018

thanks sir i m a ca student and tax is my fav subject so i keep trying to know every thing about income tax

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 17 September 2018

Yes, that's very impressing...... in the days of coaching/learning only exam oriented lessons, ........ just few weeks before papers.....

It will definately help in field, but try to economise time with current amendments alongwith study material provided by institute.....

Best of Luck...... .....

Sushil Kamal (90 Points)
Replied 17 September 2018

sir i dont take coachings i study myself and sir i only use study material provided by institute nothing else

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 17 September 2018

That actually helps in practise....... For any additional knowledge, you may read some articles from well established sites/ written by experts on current affairs/amendments...... and try to solve maximum problems...... that will boost your confidence........

Once again best of luck for your profession.......