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

CA Mehul Thakker , Last updated: 08 August 2020 Share Follow on Google News

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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About the Author

CA Mehul Thakker

Managing Partner

Mr. Mehul Thakker is a Fellow Member of the Institute of Chartered Accountants of India. He is a rank holder in the examinations conducted by ICAI. Expert in the field of Direct Taxes, and conducts advisory and appellate work. Authored three books onPractical aspects of Finance Act, 2003, 2008 and 2009 Authore ... Read more

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

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