What is Casual Income? What are the tax implications for the same?

Aryanshah11 Jul, 2023Finance

Casual income is non-recurring in nature. Here is all you need to know about casual income and its tax implications. Casual income, as the name suggests, is non-recurring in nature. It?s an income which is earned by chance and not likely to occur again in a year. This earning is neither anticipated nor provided for in any agreement. Read on?