Under how many heads the income of a taxpayer is classified? - Tax India

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Thursday, February 22, 2018

Under how many heads the income of a taxpayer is classified?

 Under how many heads the income of a taxpayer is classified?
S​ection 14​ of the Income-tax Act has classified the income of a taxpayer under five different heads of income, viz.:
  • Salaries
  • Income from house property
  • Profits and gains of business or profession
  • Capital gains
  • Income from other sources​​

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