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What are the Different heads of income tax act 1961? tax
rate on companies according to current budget?
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Answer Posted / padma
1] Income from salary[sec.15-17]
2] Income from house property[sec.22-27]
3] Income from profits and gains of business or profession
[sec.28-44D]
4] I ncome from capital gains[sec.45-55A and sec 112]
5] income from other sources [sec. 56-59]
other sources of income are chargeable
income,inadmissible expenses ,deemed income, method of
acounting[sec 145]
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