Deemed accumulated income must be invested in prescribed modes and is excluded from accumulated income classification. Deemed accumulated income is a portion of regular income, calculated after reducing for application under section 341 and amounts accumulated or set apart under section 342; that portion must, if invested or deposited, be placed in modes permitted under section 350, and it is not to be treated as accumulated income for the purposes of section 342.
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Provisions expressly mentioned in the judgment/order text.
Deemed accumulated income must be invested in prescribed modes and is excluded from accumulated income classification.
Deemed accumulated income is a portion of regular income, calculated after reducing for application under section 341 and amounts accumulated or set apart under section 342; that portion must, if invested or deposited, be placed in modes permitted under section 350, and it is not to be treated as accumulated income for the purposes of section 342.
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