Classification of income: divides income for computation of total income into ordinary and special sources. The statute prescribes a categorical scheme for computing a person's total income for a financial year by classifying all income into two buckets: income from ordinary sources and income from special sources, which serves as the operative taxonomy for determining taxable total income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Classification of income: divides income for computation of total income into ordinary and special sources.
The statute prescribes a categorical scheme for computing a person's total income for a financial year by classifying all income into two buckets: income from ordinary sources and income from special sources, which serves as the operative taxonomy for determining taxable total income.
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