Section 11(1)(a) of Income Tax Act: Actual Income Receipt and Expenses Matter, Not Deemed Income like Deemed Rent.

Income derived from property held under trust - Provisions u/s 11(1)(a) of the Act speaks about the actual receipt of the income and actual expenses incurred for that and deemed income is not to be assessed hence no deemed rent is liable to be assessed in the case of the assessee .....

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