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Tax on Income From Other Sources and Treatment in ITR - Scripbox
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Income From Other Sources - SlideShare
WebIncome From Other Sources is one of the five heads of income specified under the Income Tax Act 1961. Know more about how taxation works in Income from Other Sources. Contact us. To Buy: 1800-258-5899 (9:30 AM to 6:30 PM) For Existing Policy: 1800-103-0003/ 1800-180-0003/ 1800-891-0003 WebTaxation IFOS abbreviation meaning defined here. What does IFOS stand for in Taxation? Get the top IFOS abbreviation related to Taxation. Web12 apr. 2024 · Interest is considered as Income under the Head IFOS as per Sec 56 in year of accrual. So BUYER has to add to total income and pay tax on such income. (Provided the buyer has the notice of such provision created by supplier- Year End Balance Confirmation and 26AS (If interest is above 5000 ) can be taken as a base for verification ) CGST Act … lower back traction devices