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Deemed Income

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@*CS Siddharth Bumb. *

@*CS Siddharth Bumb. * (Querist)
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30 March 2010 What is deemed income tell me in detail??

MK GUPTA (Chartered Accountant

MK GUPTA (Chartered Accountant (Expert)
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30 March 2010 Dear

Deemed Income meant the income which is apparently not our income, but due to the operation of law it is taxable in our hands then it is called as deemed income.

For example income of the spouse, minor child

Income earned from the properties in India by the foreign nationals

Padmaja CA (Expert)
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31 March 2010 agree with experts

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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31 March 2010 Agreed....

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