Table of Contents
·
1. Definition of Income [Section 2(24)]
·
2.
Important Principles of Income
o
(iii) Tainted/Illegal Income:
o
(iv)
Application of Income v Diversion:
o
(xii)
Income must come from outside:
o
(xiii)
Revenue Receipt v Capital Receipt:
o
(xiv) Income Received or Deemed to be Received in India
[Section 7]
o
(xv) Incomes which accrue or arise in India or are
deemed to accrue or arise in India [Section 9]
·
3.
How to Compute Total Income
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