Question

Mention the different kinds of incomes under the head income from
other sources, Deemed incomes?

Answer 1

The Section 14 of Income Tax Act classifies all incomes under the following heads:

Salaries

Income from House Property

Profits and Gains from Business or Profession

Capital Gains

Income from other sources...

Answer 2

Explanation:

there are five types of head of income

Salary

income from House property

income from capital gain

income from business profession

income from other resources

In income from other resources include

• Winnings from lotteries, crossword puzzles, races including horse races, card game and other game of any sort, gambling
• Dividend received
• gift from individual or HUF