We are only conducting Seminars to make Professional Traders. Join Now for Hyderabad and Chennai Seminar.

Income from Other Sources to Be Included for Income Tax Calculation

It is important that one files the income tax (IT) correctly and for that one must make sure to include following income as stated below:
  • Dividend Income ( Sec 2(22) - Includes debentures issued to shareholders and bonus shares allotted to preference shareholders).
  • Winning from Lotteries, Crossword Puzzles, Horse Races and card Games.
  • Interest on Securities ( securities is taxed at special rate of 30% (cess 3%) irrespective of one’s income tax slab. )
  • Pension Received by legal heirs of Deceased ( sec 57 legal heirs can claim standard deduction of 33 1/3% or Rs 15000 whichever is less.)
  • Gifts of money from unrelated Person (section 56(2)).
  • Interest from Savings A/C which is exempt upto Rs 10,000 wef FY 2012-13
It is important that one files the correct income tax by calculating these amounts else one can get a notice with penalty for the payment of IT dues.

Most Visited Stocks - Click to Visit Link


"First off all, I just want to say that your service is excellent – by far the best tips service I have encountered and quality of your Jackpot tips is really good and noticed that now I am getting daily profit. I can say that it makes a difference to choose the correct tips provider and it was my luck that I stumbled on your website."

- Rajesh


We Compliment you for becoming a part of mega family of more than 12 Lakh Smart Traders who are getting benefitted with our services worldwide. We assure You that we will deliver more than what we promise. Do remember to leave questions and Feedback. Your Success is Guaranteed with us!

You can Contact us through Contact Box provided on website or Email at info@indian-share-tips.com. You can make Online Payment through Payment Gateway installed on the website as we offer you the highest standard of security currently available on the Net so as to ensure that your online transaction is Private, Safe and Secure.

We Teach and Train our Clients as we want to make sure that clients trade in market as a thorough professional. Charges if any being paid by you are for the teaching and training. We do not provide any stock tips. Your joining is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9