Section 11(1)(a) of Income Tax Act: Actual Income Receipt and Expenses Matter, Not Deemed Income like Deemed Rent.

Section 11(1)(a) of Income Tax Act: Actual Income Receipt and Expenses Matter, Not Deemed Income like Deemed Rent. https://www.taxtmi.com/highlights?id=48616 Income derived from property held under trust - Provisions u/s 11(1)(a) of the Act speaks about the actual receipt of the income and actual expenses incurred for that and deemed income is not to be assessed hence no deemed rent is liable to be assessed in the case of the assessee en-us Tue, 13 Aug 2019 13:52:51 +0530 Tue, 13 Aug 2019 13:52:51 +0530 TaxTMI RSS Generator Section 11(1)(a) of Income Tax Act: Actual Income Receipt and Expenses Matter, Not Deemed Income like Deemed Rent. https://www.taxtmi.com/highlights?id=48616 Income derived from property held under trust - Provisions u/s 11(1)(a) of the Act speaks about the actual receipt of the income and actual expenses incurred for that and deemed income is not to be assessed hence no deemed rent is liable to be assessed in the case of the assessee Highlights Income Tax Tue, 13 Aug 2019 13:52:51 +0530 https://www.taxtmi.com/highlights?id=48616