(1) Save as otherwise provided in this Act, the following incomes shall be included in the gross income of a person, namely:-

(a) if the person is a partner in a firm or a member of a partnership, his share in the income of that firm or partnership;

(b) the income of the spouse or minor child of such person, if—

 (i) the said spouse or minor child is dependent on him;

(ii) the person has reasonable control over such income; or

 (iii) he intends such merger;  

Provided, that this provision shall not apply if separate tax is assessed on the said husband or wife or minor child.

(2) If a person is a partner in a firm or a member of an association of individual, his share in the income of the said firm or partnership shall be determined by the following formula, namely: 

a = e % of b + (c – d), where—

a = the person’s share of income from the firm or association,

b =  salary, interest, commission or other remuneration received by the said person from the said firm or association, 

c = total income of said firm or association, 

d = the sum of salary, interest, commission or other remuneration payable by the said firm or association to all partners or members,  

e = Percentage of shares held by the person in the firm or  association.