Understanding of Provisions of Deemed Income | As Per Provisions of The Income Tax Act, 2025 | As Amended by The Finance Act, 2026

This edition of Understanding of Provisions of Deemed Income, updated as per the provisions of The Income Tax Act, 2025 and amended by The Finance Act, 2026, serves as a focused and dependable legal reference professionals in law, taxation, accounting, and financial advisory. Authored by Ram Dutt Sharma, this work is designed to provide a clear and structured understanding of the statutory framework relating to deemed income under the new income tax regime, making it especially useful for legal interpretation, tax analysis, and academic study.

The book is devoted specifically to the concept and statutory treatment of deemed income under The Income Tax Act, 2025. It provides readers with a dedicated reference on those provisions where income is treated as taxable by legal fiction, even where it may not arise in the ordinary commercial or accounting sense. By concentrating on this specialized area, the text becomes an important resource for those seeking conceptual clarity and statutory precision in one of the more technical parts of direct tax law.

The content spans the essential scope of deemed income provisions, including:

• Statutory meaning and scope of deemed income under the Income Tax Act, 2025
• Legal fiction and taxability of specified receipts and amounts
• Deemed income arising in relation to unexplained cash, investments, expenditure, and assets
• Tax implications of income deemed to accrue or arise under statutory provisions
• Relevance of deemed income in assessments, reassessments, and scrutiny proceedings
• Treatment of undisclosed or unexplained financial transactions
• Legislative basis for inclusion of notional or deemed amounts in taxable income
• Updated legal position after amendments introduced by The Finance Act, 2026
• Practical significance of deemed income provisions in tax compliance and litigation

This book is highly suitable for Chartered Accountants, tax consultants, advocates, auditors, finance professionals, and business owners dealing with taxation matters. It is equally beneficial for CA, CS, CMA, B.Com, MBA, and law students seeking advanced knowledge of direct tax provisions.