Section 14-Heads of income

Heads of income

1. Incomes of income-tax shall  be classified under the following heads of income :—
   A. Salaries.
   B. Interest on securities omitted Finance Act, 1988, w.e.f. 1-4-1989.
   C. Income from house property.
   D. Profits and gains of business or profession.
   E. Capital gains.
   F. Income from other sources.