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As per the Income Tax Act,1961
The word "Income includes-
(i) profits and gains
(ii) dividend on shares / debentures
(iii) the value of any perquisite or profit in lieu of salary
(iv) any sum chargeable to Inome tax (House Property Income, Salaries income, Capital Gains Income, Business or profession income and Income from Other sources like any winnings from lotteries)
(v) any sum received under a Key man insurance policy including the sum allocated by way of bonus on such policy etc
Hope it's use full to you
Regards
V Srikanth
What else can I help you with?
Can you provide examples of fixed income instruments?
Fixed income instruments are investments that pay a fixed amount of income at regular intervals. Examples include government bonds, corporate bonds, certificates of deposit (CDs), and preferred stocks.
What are some examples of fixed income products available in the market?
Some examples of fixed income products available in the market include government bonds, corporate bonds, certificates of deposit (CDs), and fixed annuities.
Can you provide examples of fixed income securities?
Fixed income securities are investments that pay a fixed amount of interest at regular intervals. Examples include government bonds, corporate bonds, municipal bonds, and certificates of deposit (CDs).
What are some examples of fixed income investments?
Some examples of fixed income investments include government bonds, corporate bonds, certificates of deposit (CDs), and Treasury securities. These investments pay a fixed amount of interest at regular intervals.
What are some examples of earned income?
Earned income can include wages, tips, salaries, net earnings from self employment. Basically earned income is the money you make from working for someone else or from you working in the business you own. It is considered earned income if you worked for it.
Examples of revenue income?
Give me a example of Revenue Income, pls?
What are some examples of sources of income?
Some examples of sources of income include salaries from employment, profits from business ventures, dividends from investments, rental income from properties, and royalties from creative works.
What are some examples of fixed income jobs?
Some examples of fixed income jobs include those in the securities sector. Jobs in research, analysis, and trading are all covered by the fixed income model.
Examples of nominal account?
Examples of nominal accounts are losses and expenses of gains or income.
What are examples of direct tax?
The two examples of direct tax is Income tax and Wealth tax.
Revenue income examples?
Income comes from selling a product. Income can also come from a business leasing a facility or land to another business.
Can you provide examples of fixed income instruments?
Fixed income instruments are investments that pay a fixed amount of income at regular intervals. Examples include government bonds, corporate bonds, certificates of deposit (CDs), and preferred stocks.
What are two examples of direct tax?
The two examples of direct tax is Income tax and Wealth tax.
What is the opposite meaning of income?
Some examples of words with the opposite meaning ("antonyms") as income are:expenditure (or expenses)spendingoutgocostsbills
What are examples of revenue income?
sales rent received commission received
What are examples of an income?
Pay for goods or services sold, interest earned on deposits and bonds, share dividends are some examples.
What are some examples of fixed income products available in the market?
Some examples of fixed income products available in the market include government bonds, corporate bonds, certificates of deposit (CDs), and fixed annuities.
