List the five heads of income?

1.	List the five heads of income?
Answer» The five heads of income are: 1. Income from‘Salaries’ [Sections 15 – 17]; 2. Income from ‘House Property’ [Sections 22 – 27]; 3. Income from ‘Profits and Gains of Business or Profession’ [Sections 28 – 44]; 4. Income from ‘Capital Gains’ [Sections 45 – 55]; and 5. Income from ‘Other Sources’ [Sections 56 – 59].

Answer»

The five heads of income are:

1. Income from‘Salaries’ [Sections 15 – 17];

2. Income from ‘House Property’ [Sections 22 – 27];

3. Income from ‘Profits and Gains of Business or Profession’ [Sections 28 – 44];

4. Income from ‘Capital Gains’ [Sections 45 – 55]; and

5. Income from ‘Other Sources’ [Sections 56 – 59].

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List the five heads of income?

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