Economy, asked by yaashhh9194, 1 year ago

Meaning income received in india according to income tax

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Answered by sureshs2468pcl5g8

Income Deemed To Be Received In India - under Income Tax Act. 1956. (i)Tax deducted at source is incomedeemed to be received by a person even though he never receives suchincome (u/s 198). (a) Employer's contribution to Recognised provident fund in excess of 12% of salary ofemployee [Section 7(i)1.

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