Notional Income
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Notional Income

Income one may not have received but on which one may still be taxed. The term is often associated with income from rental property. In India, for example, one must pay taxes on the amount of rent one might reasonably expect to earn in a year, whether or not one actually earns it. This fictional money is notional income because one must still pay income tax on it.

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Notional Income (redirected from Notional Incomes)

Notional Income
(redirected from Notional Incomes)