Understanding of Provisions of Deemed Income by Ram Dutt Sharma – Edition 2026

Description

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. 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 edition is particularly suitable for:
• Law students and academicians studying income tax law and legislative interpretation
• Chartered accountants, tax consultants, and financial advisors handling assessment matters
• Advocates and legal professionals involved in tax disputes and advisory work
• Corporate finance and compliance professionals dealing with tax disclosures and reporting

Whether used for examination preparation, legal research, professional reference, or compliance analysis, this updated 2026 edition provides a concise and current resource on the provisions governing deemed income under The Income Tax Act, 2025.