2 Replies
KESHAV SHARMA
(CA FINAL)
(40 Points)
Replied 11 February 2018
It will included in your total taxable income just as deemed let out section of house property.
karan
(PUNE)
(78 Points)
Replied 11 February 2018
Deemed income means...
If any income is specified in any section as deemed, then irrespective of whether you have earned it or not... It will be treated as income and taxes accordingly.
Like income earned by minor child is deemed as income of his parents..
If any income is specified in any section as deemed, then irrespective of whether you have earned it or not... It will be treated as income and taxes accordingly.
Like income earned by minor child is deemed as income of his parents..
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