|
14. Computation of income from ordinary sources.
|
|
|
14. Computation of income from ordinary sources.—The income from any source, other than a special source, shall be computed under the class "income from ordinary sources" and such income shall be classified under the following heads of income, namely :—
A.— Income from employment.
B.— Income from house property.
C.— Income from business.
D.— Capital gains.
E.— Income from residuary sources.
Clause 14 deals with computation of income from ordinary sources. It provides that the income from any source, other than a special source, shall be computed under the class "income from ordinary sources" and such income shall be classified under the following heads of income, namely:—
A.— Income from employment.
B.— Income from house property.
C.— Income from business.
D.— Capital gains.
E.— Income from residuary sources.
|
|
|
Case Look ups