Classification of sources of income: income must be divided into special and ordinary sources for tax computation. All receipts for the purpose of computing a person's total income for a financial year must be classified under two heads: income from special sources and ... Summary
Classification of sources of income: income must be divided into special and ordinary sources for tax computation.
All receipts for the purpose of computing a person's total income for a financial year must be classified under two heads: income from special sources and income from ordinary sources, forming the core structural rule for organizing taxable receipts under the applicable tax legislation.
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