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
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—Mattie Chappelle, U.S. women’s magazine contributor. The Revolution (April 28, 1870)
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“Some rough political choices lie ahead. Should affirmative action be retained? Should preference be given to people on the basis of income rather than race? Should the system be—and can it be—scrapped altogether?”
—David K. Shipler (b. 1942)