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Section 14 of Income-tax Act 1961-2017 – Heads of income

Detail analysis of the provisions of Section 14 (Heads of income) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Chapter IV (Sections 14-59) of Income Tax Act, 1961 deals with provisions related to computation of total income. Section 14 of Income Tax Act 1961-2017 provides for heads of income.

Save as otherwise provided by this Act, all income shall, for the purposes of charge of income-tax and computation of total income, be classified under the following heads of income:—

A.—Salaries.
B.—[*****]
C.—Income from house property.
D.—Profits and gains of business or profession.
E.—Capital gains.
F.—Income from other sources.

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