Question

What are the sources of income​

Answer 1

A source of income in simple terms is a source from which income gets generated or arises. The word “source” means a place from which something is obtained. A source means an origin. A source of a river would the place from where it originates. ... The source of income could be his clients who pay him fees.

Answer 2

There are 5 sources stipulated under the Income Tax Act, 1961, like salary, business or profession, house property, capital gains and other sources. Income from other sources includes income from residual sources.