https://www.taxtmi.com/manuals?id=4652 The statutory definition of income enumerates receipts and benefits included as income: profits and gains, dividends, capital gains, winnings, perquisites and profits in lieu of salary, voluntary contributions to specified charitable/educational/hospital/electoral entities, corporate payments for directors or substantial interest-holders, Keyman insurance proceeds, recoveries of previously allowed deductions, receipts from insurance and cooperative banking businesses, fair market value of inventory converted to capital assets, and government assistance except where expressly excluded for asset cost determination or central government corpus grants. en-us Tue, 27 Aug 2024 12:35:00 +0530 Sat, 21 Mar 2026 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4652 The statutory definition of income enumerates receipts and benefits included as income: profits and gains, dividends, capital gains, winnings, perquisites and profits in lieu of salary, voluntary contributions to specified charitable/educational/hospital/electoral entities, corporate payments for directors or substantial interest-holders, Keyman insurance proceeds, recoveries of previously allowed deductions, receipts from insurance and cooperative banking businesses, fair market value of inventory converted to capital assets, and government assistance except where expressly excluded for asset cost determination or central government corpus grants. Manuals Income Tax Tue, 27 Aug 2024 12:35:00 +0530 https://www.taxtmi.com/manuals?id=4652