Section 56 (1) of the Income Tax Act states that any income which does not qualify under Salary, House Property, Business or Profession, or Capital Gains shall be taxed under the head ‘Income from ...

Income from other sources is one of the five heads of income under the Income Tax (I-T) Act. This category includes any income that is not specifically taxable under any other head. Examples of ...

There’s a significant drop-off in retirees’ access to other sources of income. Just 57% have an investment retirement account, like an employer-sponsored 401(k) or an IRA, and 51% have access ...

Essentially, your renters cover the cost of the mortgage and other expenses, while the home value rises. In time, you should ...

"Passive income sources like podcasts ... types of passive income may be more inconsistent and time-intensive than other methods, they're often enjoyable. "What's been really awesome is seeing ...

and standard deduction from your gross salary and adding income from other sources. Secondly, calculate your total tax benefits by investing in tax-saving options such as ELSS and PPF available ...

New Delhi [India], February 13 (ANI): The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, and provide more clarity on various ...