Section 14 - Heads of income - Income-tax Act, 1961

Chapter IV Computation of total income Heads of income Heads of income. 14. Save as otherwise provided by this Act, all income shall, for the purposes of charge of income-tax and computation of total income, be classified under the following heads of income :- A. -Salaries. B. - 1 [ *** ] C . -Income from house property. D. -Profits and gains of business or profession. E. -Capital gains. F. -Income from other sources. *************** NOTES :- 1. Omitted vide Section 8 of the Finance Act, 1988 w.e.f. 01-04-1989 before it was read as, B.-Interest on securities