Deemed Income

This query is : Resolved 

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

31 March 2010 agree with experts


31 March 2010 Agreed....



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