Heads of Income
The total income of a person is segregated into five heads:-
- Income from Salary
- Income from house property
- Income from business or profession
- Capital Gain and
- Income from other sources
Read more about this topic: Income Tax In India
Famous quotes containing the words heads and/or income:
“You don’t know what you might be if you would look beyond the ball, the opera, the fashion-plate—and right over the heads of the perfumed, mustached bipeds who call themselves men and worship at your feet.”
—Mattie Chappelle, U.S. women’s magazine contributor. The Revolution (April 28, 1870)
“Happy are those who find wisdom, and those who get understanding, for her income is better than silver, and her revenue better than gold. She is more precious than jewels, and nothing you desire can compare with her. Long life is in her right hand; in her left hand are riches and honor. Her ways are ways of pleasantness, and all her paths are peace. She is a tree of life to those who lay hold of her; those who hold her fast are called happy.”
—Bible: Hebrew, Proverbs 3:13-18.