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of <h1>MP Salary Classified as Income from Other Sources Under IT Act 1961, Dept. Challenges ITAT Ruling in High Court.</h1> The circular addresses the classification of salary received by Members of Parliament under the Income Tax Act, 1961. It clarifies that such salary should be assessed as income from other sources under Section 56, rather than as salary income. Despite a contrary decision by the ITAT (Delhi Bench-A), which classified this income under Section 28 as income from vocation, the department has decided to challenge this ruling in the High Court. Until resolved, the existing instructions from previous circulars should continue to be followed by assessing officers.
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