Q.State, with reasons, under which Head of Income each of the following is chargeable:

Each item is tested against the same rule: does it fit one of the first four Heads, or does it fall to the residuary Head instead?

(a) Dividend has no dedicated Head of its own. (b) Only an OWNER'S rental income is House Property income; a tenant's sub-letting income is not. (c) Savings-account interest is not 'Interest on Securities' and has no other Head.

1. Dividend on equity shares: dividend income has no dedicated Head of its own under Section 14; since the Dividend Distribution Tax was abolished (Finance Act, 2020), the full dividend is taxable directly in the shareholder's hands, and — having no home elsewhere — it is chargeable under Income from Other Sources.
2. Sub-letting income of a non-owner tenant: Income from House Property under Sections 22-23 is chargeable only on the OWNER of a building (or a person with a specified deemed-ownership status). Mr. Nandi, being merely a tenant who has further sub-let the flat, is NOT its owner — his sub-letting income therefore cannot be House Property income, and instead falls to Income from Other Sources as a residual receipt.
3. Interest on a savings bank account: this is neither 'Interest on Securities' under Section 56(2)(id) (a savings account is not a Government security or a company/local-authority debenture/bond) nor income under any of the other four Heads — it is chargeable under Income from Other Sources.
   ✓Final answer

   All three fall under Income from Other Sources: (a) dividend has no dedicated Head; (b) a non-owner tenant's sub-letting income cannot be House Property income (ownership is required); (c) savings-account interest is not 'Interest on Securities' and fits no other Head.

A very common error is treating ANY rental receipt as automatically 'Income from House Property' — that Head requires the recipient to be the OWNER (or deemed owner) of the property; a mere tenant's sub-letting income, having no ownership behind it, is Income from Other Sources instead.