Clause 14 - Computation of income from ordinary sources - Direct Taxes Code Bill, 2009

Computation of income from ordinary sources 14. (1) The income accruing from a source, other than the special sources, shall be computed under the class 'income from ordinary sources'. (2) For the purposes of computation under sub-section (1), all income accruing from a source, other than the special sources, shall be classified under the following heads of income:- A. Income from employment. B. Income from house property. C. Income from business. D. Capital gains. E. Income from residuary sources.