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Return in ITR 6

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18 February 2020 Tax audit report u/s 44AB of a domestic company reported Deemed Income under section 41 for RS.xxx which has duly been credited in the statement of Profit and Loss and thus included in Income from Business Profession. Clarification is sought for if such deemed Income is required to be featured in the schedule OI of ITR 6 .If so under what head the same is to be deducted in the schey of BP to avoid double taxation.
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Amol S Joglekar

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Amol S Joglekar (Expert)
19 February 2020 you have shown it under income from business, then there is no need to show it under Other Income
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