Salary income under section 5(1) of the Income Tax Act encompasses various components received by an individual from their employer, including wages, annuities, pensions, gratuities, fees, commissions, perquisites, profits in lieu of salary, advance of salary, and leave encashment, among others.

Transaction Mode (Source of Investment): Choose between ‘Cash’ and ‘Non-cash’. Additional rows can be added by clicking on the ‘Add Row’ button. Ensure to provide suitable remarks.

In the realm of income taxation, addressing compliance queries regarding the purchase of immovable property is paramount for taxpayers. Here’s a simplified guide to understanding these processes:

Taxpayers often make substantial expenditures on movable assets without filing their Income Tax Returns (ITRs). According to the Income Tax Act, any unexplained investment is deemed as income for the financial year under sections 69 and 69B.