Casual income means any receipts which are of a casual and non-recurring nature. For example, income earned by way of winnings from lotteries, races including horse races, crossword puzzles, etc.
- No expenditure or allowance can be allowed from such income.
- Deduction under Chapter VI-A is not allowable from such income.
- Adjustment of unexhausted basic exemption limit is also not permitted against such income.