Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Income which are taxed under other heads of income like income from salary, income
from house property, income from business, income from capital gain. The income
which are not taxed under these any kind of heads of income are taxed under this head
of income from other sources so it is called as other source income or residual income.
Income which are not earned as salary, from business, from properties owned are
treated as other source because the source of income is not regular or casual.
Speculation transaction which are made at stock exchange is an example of other
source because income is earned from non-regular business. If assessee keeps
mercantile system of accounting, income which are chargeable under the head are
taxed on due basis. If assessee keeps cash system of accounting, income which are
chargeable under the head are taxed on receipt basis.
1. Dividend
2. Interest on Securities
9. Ground rent
section 2(22)e is provided to the shareholder who has provided loan to the company. In
return to the loan which has been provided by the shareholder, such dividend is issued
to them u/s 2(22)(e). If we get loan from any one, we provide them in return as some
gifts, Jewell, etc., instead of interest so the company provides dividend instead of
interest to the loan givers as well as shareholders.
Dividend which is received from a foreign company is taxable in the hands of
shareholder. Dividend which is received from a foreign or Indian company by a cooperative society is taxable.
declaring the interest by the company or government, interest is provided to the person
who buys it.