Interest on securities treated as income from other sources, with exemption available only under specific conditional rules. Income by way of interest on securities is treated as income from other sources where it is not chargeable under profits and gains of business or profession. The expression includes interest on Government securities and on debentures or other securities issued by or on behalf of a local authority, company, or statutory corporation. The note further states that exemption is specific and conditional, and that merely showing Government security interest in the profit and loss account does not by itself make it taxable if it has not actually accrued or been received.