11.
Explanation
1. Interest on Bank Deposits: Earnings from savings accounts, fixed deposits, or recurring deposits are taxable under this head.
2. Dividends from Investments: Profits gained from shares or mutual funds in the form of dividends are considered income from other sources.
3. Rental Income from Properties: Money earned by renting out properties, be it residential or commercial, falls under this category.
4. Gifts Exceeding Rs. 50,000: Gifts received, exceeding Rs. 50,000 in a financial year, are taxable as income from other sources.
5. Prize Money: Cash prizes won in competitions or games, including lottery winnings, are subject to taxation.
6. Income from Loans: Interest earned on loans given to others is considered as income from other sources.
7. Family Pension: If someone receives a family pension, it is categorized under income from other sources.
8. Royalties: Money earned by authors, musicians, or artists for the use of their intellectual property is taxable under this head.
9. Insurance Commission: Commission received by agents for selling insurance policies is considered income from other sources.
10. Any Other Miscellaneous Income: Any income not falling under the specified heads like salary, business income, or capital gains is covered in this category.