Indian Consultant's Site

Personal Taxation

Income from Other Sources:

Other Income Includes:

Income from Securities/Debentures
Machinery hire charges if not Business Income
Winning form Lotteries
Races/Horse Races
Card Game
Keyman Policy Amount
Bank Interest

On Interest on Securities any sum reasonably paid to realise the income
Any other expenditure not being capital expenditure, expended exclusively for the purpse of making such income
There are many such provisions for Income from Other Sources , for further information email us.

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