§ 343
Chapter XVII — Special Provisions Relating To Certain Persons
Deemed accumulated income
Income-tax Act, 2025
After applying the reductions under sections 341 and 342, up to 15% of a taxpayer's regular income is treated as "deemed accumulated income." This amount must be invested or deposited only in the ways allowed by section 350. It does not count as accumulated income for the purposes of section 342.
📜 Official text of the section +
343. (1) The regular income, as reduced by the application of income as per the
provisions of section 341 and accumulated or set apart income under section
342, to the extent of 15% of regular income, shall be considered as deemed accumu-
lated income and where such deemed accumulated income is invested or deposited,
it shall be invested or deposited in any of the modes permitted under section 350.
(2) The deemed accumulated income under this section shall not be considered as
accumulated income for the purposes of section 342.
3. —Commercial activities by registered non-profit organisation
Business undertaking held as property.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.