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 of, 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)
“The common breeds the common,
A lout begets a lout,
So when I take on half a score
I knock their heads about.”
—William Butler Yeats (1865–1939)
“The bread-winner must toil as in the fruitless effort of a troubled dream while the expenditure of an uneducated wife discounts the income in the lack of understanding to discern the broad possibilities of an intelligent economy.”
—Anna Eugenia Morgan (1845–1909)