S.N. 1. 2. Section 58(1(a)(i) 58(1(a)(ii) 3. 58(1)(a)(iii) Nature of Income Personal expenses Interest chargeable to tax which is payable outside India on which tax has not been paid or deducted at source "Salaries' payable outside India on which no tax is paid or deducted at source Wealth-tax Expenditure of the nature specified in section 40A Expenditure in connection with winnings from lotteries, crossword puzzles, races, games, gambling or betting 4 5. 58(1A) 58(2) 58(4) 6. s31 The following interest income is exempt from income tax 1. Interest on notified securities, bonds, certificates, deposits, etc 2. Interest on notified capital investment bonds 3. Interest on notified relief bonds 4. Interest on notified bonds n the hands of non residents 5. Interest on non-resident account in the hands of non-resident Indian in any bank I ndia in accordance with the provisions of the foreign exchange regulation Act 1973. 6. Interest on notified savings certificate 7. Interest on gold deposit bonds, 1999 or deposit certificate under gold monetization scheme 2015. 8. Dividend from domestic company:- any income by way of dividend from a domestic company shall be exempt. Illustration Compute income from "income from other sources" from the following particulars submitted by Mr. soman. 9600 500 10000 1. Dividend (gross) 2. Expenses incurred for its collection 3. Receipt from letting of plant and machinery 4. Repairs of plant and machinery 5. Insurance premium in respect of plant and machinery 6. Depreciation allowed for letting 4000 2000 4000