THE NINTH SCHEDULE
COMPUTATION OF INCOME FROM ANY OTHER SPECIAL SOURCE
1. The income from any special source shall be computed in accordance with the provisions of this Schedule.
2. The income from any special source shall be,-
(a) the amount computed in accordance with the provisions of sections 44 to 53, if the income is in the nature of capital gains arising from transfer of an asset, being an equity share in a company or a unit of an equity oriented fund, and chargeable to securities transaction tax; or
(b) the amount of accrual or receipt, if the income is of any other nature.
3. The income computed under Rule 2 shall be presumed to have been computed after giving full effect to every loss, allowance or deduction under this Code.
4. The written down value of any business asset used for the purposes of earning income from any special source shall be computed as if the person has claimed and has been actually allowed the deduction in respect of depreciation under section 36, initial depreciation under section 37 and terminal allowance under section 38.
5. The amount of common costs (including depreciation) attributable to the special source and presumed to have been allowed under Rule 3 shall be determined in the prescribed manner.
