Deductions from Income from Other Sources [Sec. 57]

The following expenditures are allowed as deductions from income chargeable to tax under the head ‘Income from Other Sources’:
S.N.	Section	Nature of Income	Deductions allowed
1	57(i)	Dividend or Interest on securities	Any reasonable sum paid by way of commission or remuneration to banker or any other person for purpose of realizing dividend  or interest on securities

Gifts not chargeable to tax [Sec. 56(2)(vii)]

Any sum of money or property received by any person [on or after 01-04-2017] in the following circumstances shall not be chargeable to tax:

a) Gifts received from relatives;

Income Chargable under Income from Other Sources

Income From Other Sources

Any income which is not chargeable to tax under any other heads of income and which is not to be excluded from the total income shall be chargeable to tax as residuary income under the head “Income from Other Sources”.