https://www.taxtmi.com/acts?id=51544 Classification of taxable receipts is governed by the concept of heads of income. All incomes must be classified under five heads: salaries; income from house property; profits and gains of business or profession; capital gains; and income from other sources. This taxonomy determines chargeability and computation of total income, except where the statute provides otherwise. en-us Wed, 13 Aug 2025 18:35:50 +0530 Fri, 22 Aug 2025 10:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51544 Classification of taxable receipts is governed by the concept of heads of income. All incomes must be classified under five heads: salaries; income from house property; profits and gains of business or profession; capital gains; and income from other sources. This taxonomy determines chargeability and computation of total income, except where the statute provides otherwise. Act-Rules Income Tax Wed, 13 Aug 2025 18:35:50 +0530 https://www.taxtmi.com/acts?id=51544