Income from other sources

This is the last and residuary head of income. Any income which is
taxable under the Act but does not find place under any of the first
four heads of income (i.e. salaries, House property, Business and
Capital gain) will be assessable under this residuary head “ Income
from other sources”
 Chargeability:

An income is chargeable under this head, if the following conditions are satisfied:
1. The Income must not be an exempted income
2. The income must not be chargeable under any other head of income.
3. It should not be a capital receipt