Section 14 of Income Tax Act 1961-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.

C. – Income from house property.

D. – Profits and gains of business or profession.

E. – Capital gains.

F. – Income from other sources.