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  Tax Planning (BBA-304) Q.1.  Explain the Aggregation of Income/Deemed Income. Ans. :- Aggregation of income, also known as deemed income, is a tax law principle that allows the taxation of a person's income from various sources as if it were all earned from a single source. In other words, it is the process of combining or adding different sources of income for the purpose of determining the applicable tax rate. The idea behind aggregation of income is to prevent taxpayers from using legal or accounting strategies to artificially reduce their tax liability by separating their income into different categories or entities, which are taxed at different rates. For example, suppose an individual earns income from a salary, rent from a property, and capital gains from investments. If the individual were to report each of these sources of income separately, they might be subject to lower tax rates for each category than they would be if the income were aggregated and taxed as a sin...