Types of Income | Dofollow Social Bookmarking Sites 2016
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• Capital Gains: Such incomes realized from assets sold constitute capital gains, either short-term or long-term depending on how long an asset had been held. Thus, the tax rates differ with the nature of capital gain.
• Rental Income of House Property: All the income accreted from the property let out also are taxable except for the expenditure allowed, which includes interest for a housing loan.
• Other Source: Such comprises of interest income, dividends, and every other passive source of revenue.
This is how the taxpayers might lead themselves by understanding as to how each income category would be taxed or not.


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