Taxation of Income From Other Sources is a Practice book on Income Tax on Conferenza, priced at ₹460 (20% off MRP ₹575). Published by Commercial Law Publishers. Order online with fast delivery across India.
- Price
- ₹460 · 20% off
- Course
- Practice
- Subject
- Income Tax
Taxation of Income From Other Sources
Commercial Law Publishers
Book Specifications
- Course
- Practice
- Subject
- Income Tax
- Publisher
- Commercial Law Publishers
About this book
Taxation of Income from Other Sources under Income Tax Law by Ram Dutt Sharma is a dedicated treatment of Section 56 and the related provisions of the Income Tax Act, 1961. This 5th edition is updated as amended by the Finance Act, 2022 and combines statutory analysis with examples and CBDT clarifications.
At a glance
| Edition | 5th edition |
| Author | Ram Dutt Sharma |
| Amended by | Finance Act, 2022 |
| Covers | Section 56 and related provisions, Income Tax Act, 1961 |
| Publisher | Commercial Law Publishers |
What's inside
- Scope and applicability of the head Income from Other Sources, and incomes specifically chargeable under Section 56(2)
- Tax treatment of dividends and winnings from lotteries, puzzles, races and games
- Gifts and sums of money or property received without consideration or for inadequate consideration
- Interest income, rental income not taxed under House Property, and other miscellaneous receipts
- Share premium taxation under Section 56(2)(viib), deduction of expenses, and clubbing and aggregation rules
- Interaction with other heads and set-off rules, with CBDT circulars, judicial rulings and computation examples
Who should buy this
- Chartered accountants and tax practitioners handling Section 56 issues
- Corporates dealing with share premium and gift taxation questions
- Taxpayers and students who want this head of income covered in depth
Publisher's description
This 5th edition of Taxation of Income from Other Sources under Income Tax Law, authored by Ram Dutt Sharma, provides a detailed and practical guide to one of the most diverse heads of income under the Income Tax Act, 1961. Updated as amended by the Finance Act, 2022, it offers a comprehensive explanation of the statutory provisions, judicial interpretations, and compliance requirements applicable to income that does not fall under any other specific head.
The book covers the entire scope of “Income from Other Sources” under Section 56 and related provisions, explaining its applicability through structured analysis, examples, and relevant CBDT clarifications. It addresses common as well as complex situations encountered in practice, making it an indispensable resource for professionals, corporates, and taxpayers.
The content covers:
• Scope and applicability of the head “Income from Other Sources”
• Incomes specifically chargeable under Section 56(2)
• Tax treatment of dividends, winnings from lotteries, puzzles, races, and games
• Gifts and sums of money/property received without consideration or for inadequate consideration
• Interest income, rental income not taxed under “House Property,” and other miscellaneous receipts
• Share premium taxation provisions under Section 56(2)(viib)
• Deduction of expenses from income under this head
• Provisions for clubbing and aggregation of such income
• Interaction with other heads of income and set-off rules
• Relevant CBDT circulars, notifications, and judicial rulings
• Practical computation examples for various scenarios
This edition is particularly suitable for:
• Chartered accountants, tax consultants, and advocates advising on income tax matters
• Corporate finance teams dealing with diversified income streams
• Law and commerce students studying Indian direct tax law
• Individual taxpayers seeking clarity on the taxability of miscellaneous income
Whether used for compliance, advisory, or academic purposes, this updated edition serves as an authoritative, practical, and easy-to-use reference on the taxation of income from other sources under the Income Tax Act, 1961.
Frequently asked questions
What is Taxation of Income From Other Sources?+
Taxation of Income from Other Sources under Income Tax Law by Ram Dutt Sharma is a dedicated treatment of Section 56 and the related provisions of the Income Tax Act, 1961. This 5th edition is updated as amended by the Finance Act, 2022 and combines statutory analysis with exampl
How much does Taxation of Income From Other Sources cost?+
Taxation of Income From Other Sources is available for ₹460 (MRP ₹575) on Conferenza, with fast delivery.
Which exam is Taxation of Income From Other Sources for?+
Practice — Income Tax.
Is Taxation of Income From Other Sources good for self-study of Income Tax?+
Taxation of Income From Other Sources is a Income Tax book for Practice, suitable for self-study and revision. Pair it with practice and past papers for complete exam preparation.
Which is the best book for Income Tax?+
There's no single "best" book for Income Tax — the right choice depends on the syllabus coverage you need, the author's approach, the edition and your budget. Taxation of Income From Other Sources is one Practice option; compare it with other Income Tax books on Conferenza by edition, coverage and price to pick what suits your preparation.
Is Taxation of Income From Other Sources available as a free PDF download?+
Taxation of Income From Other Sources is a paid book on Conferenza, delivered fast across India. For free PDFs — study material, RTPs, MTPs and suggested answers — visit https://conferenza.in/downloads.