Deemed Accumulated Income - Section 343 (New) / Section 11 (Old)

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....ted Income The deemed accumulated income is determined from the regular income after reducing: • the amount applied in accordance with section 341; and • the amount accumulated or set apart under section 342. The balance, to the extent of 15% of regular income, is considered deemed accumulated income. Accordingly, the statutory computation may be expressed as....

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..../deemed accumulation. Therefore, the 15% deemed accumulated income does not become part of the five-year accumulation mechanism under section 342. Comparative Analysis: Section 343 of the Income-tax Act, 2025 vs. Sections 11(1)(a) and 11(2) of the Income-tax Act, 1961 Particulars Income-tax Act, 1961 Income-tax Act, 2025 15% retention/accumulation Section 11(1)(....