Income From Other Sources

Class Notes

DUI
HP
Pattieis Income from other sources
Nottrace Salary
underan Sell hiya PGBP From
papp stock in Trade
a

a
sell Kiya Tisse aapka capital
capital capital Asset
badha hai ie
Gain Capitan

Sold AssetSold
Asset purchase
1 2 lakh
10 talk
1
Our CapitalGain

III
saving Bank interest
IFINIS income from
any Investment
dividend
Gift Income Royalty Income

Winnings From Horse Race winning from

FDR Interest Talent Show
gambling Indian got latent
winuity From lottery Keyman Insurancepolicy

Rent Plant Malky isrelieved m Family

q employee
 Eft
your
j.gg 2010s
value Tacable
underfo
2019

Foc 20
kees

on
5T

lokees

www

tf
EE
I Fos chapter
I
Kalusi Kausi Income 1503
Ka part banti hav
u

be Income me alayally Item

Kensi Katehas
hav une calculate

Gift From
Dividend

d and
deemed dividend
paddy
Detailed t
deemed dividend
Relativedefinition Dividend
shareholders to
Kaense assets done Pe Basically cap
goCompany me
gift nanimaanajuata profitderahe hai
profitdo Butalay allyParikese
shareholdersto
de rake hai
 Life Insurance Policy UUP 8th
oct
1
Maturity proceeds

jaatiharIII BY
Back

Before1110124 On a After 1110124

I 1
Company used to It is tenable as
dividend in the
parff hands of
shareholders

Ifos Frome se hoi Expenseallowed

hota hai Kya

See57 See88

Expenses allowed
Deduction not
From IFOsmom whatIfosIncome
 chapterstan

Following throne will be taxable under Ifos

see 56 chargingseeh.cn

Following Income is Taxableunder Ifos

Interest
if not Tarable under PGBP
Dividend
i letting out Plem
incldeemeddiv

Royalty Bask His interest on securities

Prum
Iii letting outof Building which is

From inseparable from plan a Furniture

Gift Income
on any
Investment Employees.fi
ti Image
it hottacatinand PGI

Politician MPIMIA Salon

Es

Termination ke time amount pay keys

Employees 16
Ind if is nottach
unclesaly
KMP Proceeds relieved by family 8 Employee

Casual Income

Net winnings from online Games Dream11MPL my kid

Family Pension Ifos

Agriculture Income

Indian Foreign land

land
Exempt Tarantulas
In 9
 Gitt Prome 56221 1
1

Any amount recieved as gift is

Tacable meler IFOS
I
Gift 11000

Marriage gift relicted all exempt

account mom can 20 28 301

ve_You

50 lack Tax free White Frome

m
1 wite

Lok Lotan

Movable
Money Immovakh
property
property
I
If Aggregate
no
ant needs
no comin Italian animals
50,000
without
I
table
f
any puppy perproperty
consideration ftp.tfmtamrsettteii
50

60.000 35000

Ñe
Eg Shoblett 15000

Kajal 10,000 Yk Tacalle as gift Income

Jaya 10,000 week Is
Aadil 20,000
not tacabe as lessthen50k
14100

a.it a.an
Shyam
m

40,000 Xx
kiaan 2001000 Toethe

Day 2

Compulsory Acquisition
1
Goutcapler Compensation pay taskhai
I
4 E
YeThieve me time lafta hai
Usha hunko
Interest willta hai

IIIom
10latch
salary
Company Director
d
10tbhdeduction 10 lakh fullyTaxable
wit jagga

Company sifant Director

t

As a professional
payment fffo Taxable
under 0GBP V11HADA
1
5lakhTaxable
 Unacademy Yash
FI Imome PGBP
Take
50 44ADA

92100

1,001000

unacademy

1 1 yedow me Phonndikhaya

eat

Ef Horse Race 1 Horse Race

2 horse Race 3
I
1160,000
50,000 105 profit 60,000

profit I

Taxable under IFOS 160,000

N cleanofany Expenses
allowed No loss allowed
tobe set off

ej

Rent
Yash Its Nora
Saleen
I
Subletting of HP
hKmp Its

9 Employee pension Salary Income

Family wife son dalyst

IfosTacable
 Immovable property

Inadequate

CG Calculate

E soc
d
NOC 311h
t
SI

Govt he Humbo 10 he
FUOC It will SDI allow key her
variance

ia
5 9 in

4 consideration ÑÉ
1001 110 110 labs

not
losian Fronoolam ftp
ff i'affair
IFINE
112 am
FOOL
1111
FUOC 1121am 10,949ft
WA
251Eur
1121100
12 will beTaxable
unless

g sec 47 CapitalGain
Recipient

Transactions which are

5 211 7 Mostaffable
not regarded as
Tranter
d
Transter Maaneye naki
hi
to Capital Gain lagga
2h

Day 3
Relocation of Fund

Resultant Fence
Original Fund
Add point SDV on the date of
Agreement vis on the date of Registration

date 8 agreement date Segistration

If any amount has

been
If no amount reed an
relieved bythe
seller date of agreement
by All payeecheque ant is reed on or
If
a
any mode of beforedate of agreementby
on or before thedate crossedchyme Bearer Chevelcash
8 agreement

201am
SPV free 301am

7oo.ovo
s.no
Ian
farad

Rural CG not applicable

not a capital Asset
Agricultural land 56221 7 not applicable

Capital Asset CG will ahhly

Urban agricultural land will alsoapply
and 56227 x

Day
Net winnings from online gaming
ATD BTC
 20,000
Dream 11 op Balance
80,000
deposit

withdraw 1.20.000

90,000
U Balance

1.60.000
withdrawl U Pal
1.00.000
Op dep
60,000
Net winning

Life Insurance Policy

maturity proceeds

Exempt vis IOCIOD

If not Exempt then Taxable

under IFOS

when maturity proceeds of LIP is Exempt via 10400

issued
if policy is
201 8 Sum Assured
1.4.03 31.3.12 if single year premium paid is upto

paid is upto 10 8 Sum Assured

On or after 1.4.12 if single year premium

1.4.13 For Normal person upto 10 8 sum assured

on or after
For divyans person upto 18 q sum assured

relieved on the death 9

the insured is
Any sum Elena
 Sum Assured Policy Amt

Maturity proceds 30 Aunt maturity pe wila

including Bonus

G policy issued 1.4.2011

d
10,001000
sum Assured
Maturity Exempt
prom paid 1801000
in theyear
maturity Taxable
prom paid
210,000
if
only2100,000 allowed
as dodh 80C

1.4.14
g policy issued
30100,000
sum assured
prem paid
3100,000
Ernst
3.50000 Maturity Taxable
prem paid
only 3.00.000 allowed
as death un 80C

See 80C me dean mitta hai life Insuram premium paid

7100,000
G prem paid
sum Assumff00000
Maturity Eempt or not

5.201000
G prem paid 490,000 prem paid
55,001000
501001000 sum Assumed
Seem Assured

Exempt Taxable
 2 A B C
2.50.000 3.00.000
2 50,000
prem paid
25,001000 30,001000
25.001000
SumAssured
A B exempt CII

maturity proceeds 40100,000

ef
total prem paid till
now 166 taxable under
IFOS

PLY
ey 10thyear
5thyear
20100,000
15,001000
7100.000 7.00.000
1µg 13.00.000
Time 8,00000

Mr 46
C D E
eg A B
1.4.22 1.4.23 1.4.23
1.4.23
1.4.23
policy issued 3.00.000 1,501000 5.00.000
1,001000
2100,000
20,00000 5000,000
ftp.hafhfdereyyea 70100,000
1000,000
20100,000
Assured 5200,000
Sum 24.00.000
2200.000
11.00.000
22100,000
Maturity proceed 31.3.32
31.3.31 31.3.3.2
31.3.32
31.3.32
dadonmaturity

be exult for Mr 4h Calculate it

Q Which policies will
in the most beneficial manner
 ABD E

B D
2200,000 2,001000
200,00 1100,00
no
85
3.9 soso.no

LIPS Exempt
in the hands
me ya would be
g Aphffause
it is most
beneficial

Nov 25
man

31
Dates Dec

spom plan

add
 Dividend and Deemed Dividend

company

projet earn PBI

Karnhai
The
Tac pay
Kenthas divided
I as
Shareholders
PAT share g
proft

se

no non
nina applicable
anima
F
Talking.se
p
iallowe DeemedD

ividend

company w LILLIEKane re Tas layer

the

aHunu pay

profit boato
baato
ally ally tarite se

Dividend Tacable in shareholders

the hands 8 1
Normal rates
 Asset
company standodes
I
accumulated 819
and
313 81A
1

May Parable as deemed

divided

514
Not Talk
as deemed
dividend

data
Assets
company ftp.dati
1
May
accumuleld star
profit
I
will be deemedas
814
divided