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[Cites 0, Cited by 245] [Section 56] [Entire Act]

Union of India - Subsection

Section 56(1) in The Income Tax Act, 1961

(1)Income of every kind which is not to be excluded from the total income under this Act shall be chargeable to income-tax under the head "Income from other sources", if it is not chargeable to income-tax under any of the heads specified in section 14, items A to E.