Non-cash income can be taxed as business income; cash is taxed as deemed income u/s 69A. https://www.taxtmi.com/highlights?id=25949 Treatment of surrendered income - apart from cash all other income surrendered may be brought to tax under the head "business income" while the cash has to be taxed under the head deemed income under section 69A - AT en-us Mon, 16 Nov 2015 11:17:00 +0530 Mon, 16 Nov 2015 11:17:00 +0530 TaxTMI RSS Generator Non-cash income can be taxed as business income; cash is taxed as deemed income u/s 69A. https://www.taxtmi.com/highlights?id=25949 Treatment of surrendered income - apart from cash all other income surrendered may be brought to tax under the head "business income" while the cash has to be taxed under the head deemed income under section 69A - AT Highlights Income Tax Mon, 16 Nov 2015 11:17:00 +0530 https://www.taxtmi.com/highlights?id=25949