https://www.taxtmi.com/manuals?id=8003 Deemed accrual of income from securities applies where a person has had beneficial interest in securities during the tax year and, because of a transaction involving those securities, receives no income or less income than would have accrued day to day. The proportionate income is then deemed to be that person's income. The provision is directed against tax avoidance through temporary transfers of beneficial interest around the interest payment date, subject to exceptions where no avoidance is shown or the avoidance is exceptional and not systematic. The Assessing Officer may also require information relating to securities by written notice with at least twenty-eight days for compliance. en-us Wed, 08 Jul 2026 15:01:00 +0530 Wed, 08 Jul 2026 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=8003 Deemed accrual of income from securities applies where a person has had beneficial interest in securities during the tax year and, because of a transaction involving those securities, receives no income or less income than would have accrued day to day. The proportionate income is then deemed to be that person's income. The provision is directed against tax avoidance through temporary transfers of beneficial interest around the interest payment date, subject to exceptions where no avoidance is shown or the avoidance is exceptional and not systematic. The Assessing Officer may also require information relating to securities by written notice with at least twenty-eight days for compliance. Manuals Income Tax Wed, 08 Jul 2026 15:01:00 +0530 https://www.taxtmi.com/manuals?id=8003