1. Individuals who do not have a residence in China and have resided in China for a cumulative period of 183 days for less than six consecutive years shall be exempt from personal income tax on their income from sources outside China and paid by overseas units or individuals after filing w...
Income from other sources: Interest earned from savings accounts, fixed deposits, etc. Income from residential properties: Money earned from rent as well as money earned from the sale of a property Income from capital gain: Income earned from the sale of capital assets, like mutual funds, share...
Income from Other sourcessuch as the interest of Saving Bank Account, Fixed Deposit, Recurring Deposit, Senior Citizen Saving Scheme(SCSS) needs to be shown in the Income Tax return. Any income which does not fall under the heads of Salary, House Property, Business & Profession and Capital Ga...
The details of the types of ITR filing forms available in India are given below: 1. ITR-1 or Sahaj This type of ITR filing form is to be filled by the individuals who fall under the category: Salary & pension earners Income earned from other sources (excluding winning a lottery or hors...
Income which is generated from the various heads of income viz.Salary, House Property, Business, Capital Gain and Income from other sources. The assessee has to pay income tax if his total Income after allowing Chapter VI-A Deduction is more than the taxable income limit....
19.reciprocation, repayment, or requital:profits in return for outlay. 20.response or reply. 21.the gain realized on an exchange of goods. 22.Often,returns.a yield or profit, as from labor or investment. 23.Also calledtax return. a statement on an official form showing income, deductions,...
aAs soon as you stop wanting something,you get it 当您停止想要某事,您得到它[translate] aIn contrast, under a comprehensive tax system the taxpayer’s income from different sources is aggregated. 相反,在之下全面税收系统纳税人的收入从不同的来源被聚集。[translate]...
Income Tax A tax on a person's individual income from wages and salary, gambling winnings, and some other sources. Importantly, capital gains are usually excluded from income taxes and are subject to their own system of taxation. An income tax may be a flat tax, which means that all citiz...
2.Income from House Property 3.Income from Profits and Gains of Business or Profession 4.Income from Capital Gains 5.Income from other Sources Deduction under various sections: Tax Deduction is a legal way to reduce the income hence the tax that one needs to pay. One can claim the reduction...
Other Sources You may get unearned income from other sources, such as: Retirement accounts like401(k)s, pensions, andannuities Inheritances Alimony Gifts Lottery winnings Veterans Affairs benefits Social Security benefits Welfare benefits Unemploymentcompensation ...