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Whether the income of the assessee, Emil Webber, will be placed under which head?


According to Section 56(1) of the Income Tax Act, 1961, any income, that is not exempt from tax and has to be included in the total income, shall be chargeable to tax under the head 'Income from Other Sources' if it is not chargeable to income tax under any of the following heads: Salaries. Income from house property, Profits and gains from business or profession.

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