Deemed Income- Doomed Implications under Income Tax Act,1961

Deemed Income- Deeming fictions

• Deemed dividend: Section 2(22)(e)
• Any sum received by the assessee from his employees as contributions to any PF, ESI, etc.: Section 2(24)(x)
• Any sum received under Keyman Insurance Policy: Section 2(24)(xi)
• Income referred in section 28(va): Section 2(24)(xii)
• Any sum referred in Section 56(2)(ix): Section 2(24)(xvii)
• Section 56(2)(viib)
• Section 56(2)(x)
• The FMV of inventory referred in Section 28(via): Section 2(24)(xiia)

Section 50C

Section 43CA

Section 50CA

Section 40A(3A)