Deemed Income
This query is : Resolved
@*CS Siddharth Bumb. *
(Querist)
30 March 2010
What is deemed income tell me in detail??
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
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)
31 March 2010
agree with experts
CA Ravi Sisodia
(Expert)
31 March 2010
Agreed....
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