Concept of "Deemed Owner" under the Income Tax Act,1961

CA Mehul Thakker , Last updated: 08 August 2020  
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Dear Students/Readers, Let us start with a small practical scenario. Mr. Jayesh owns a hose property. It is given on lease for a period of 15 years to Mr. Kulkarni, lease rent being Rs.3,00,000 per annum. Mr. Kulkarni had sub-leased the same to Mr. Bimal for Rs. 5,00,000 per annum. It was agre

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Published by

CA Mehul Thakker
(Managing Partner)
Category Income Tax   Report

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