Question

what are sources of income​

Answer 1

Answer:

Source of income simply means where the money came from. For example if you have a job, the company you work for is the source of income. If you have investments or savings that earn interest, then the interest (the bank) is the source of the income.

HOPE IT HELPS U DEAR....(^.^)

Answer 2

There are five sources of income:

1. Income from salary- the salary includes the basic salary, dearness allowance, REF, and all other allowances and perquisites.
2. Income from house property: this includes earnings from letting out of house property or sub-letting of the property.
3. Income from business and profession: this includes earnings from businesses and earnings of professionals such as doctors, advocates, and professors.
4. Income from capital gain: this includes earnings from investment and trading in the stock.
5. Income from other sources: this includes earnings from winning lotteries, horse races, gambling, and betting.