§13
Section 13 — Heads of income
In plain terms: This section lists the five heads of income: (a) Salaries, (b) Income from house property, (c) Profits and gains of business or profession, (d) Capital gains, and (e) Income from other sources. All income is classified under one of these heads for computing total income.
Save as otherwise provided in this Act, all incomes shall, for the purposes of charge of income-tax and computation of total income, be classified under the following heads of income:--
(a) Salaries;
(b) Income from house property;
(c) Profits and gains of business or profession;
(d) Capital gains; and
(e) Income from other sources.