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14 Income Tax Act -  Heads of income

Section 14 of Income Tax Act 1961 -  Heads of income

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.

1 * * * * *

C.-Income from house property.

D.-Profits and gains of business or profession.

E.-Capital gains.

F.-Income from other sources.
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1. The letter or words “B. -Interest on securities” omitted by Act 26 of 1988, s. 8 (w.e.f. 1-4-1989).
 

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