Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

Home Acts & Rules Income Tax Act Income-tax Act, 1961 Chapters List Part F Income from other sources This

  • Login
  • Notifications
  • Plus+

Forgot password       New User/ Regiser

⇒ Register to get Live Demo



 

Section 56 - Income from other sources - Income-tax Act, 1961

Extract

  1. 81/2023 - Dated: 25-9-2023 - Income Tax - Income-tax (Twenty first Amendment), Rules, 2023
  2. 61/2023 - Dated: 16-8-2023 - Income Tax - Income Tax Amendment (Sixteenth Amendment), Rules, 2023.
  3. 51/2023 - Dated: 18-7-2023 - Income Tax - Exemption from Taxation of gift received U/s 56(2) - any movable property, being shares or units or interest in the resultant fund received by the fund management entity, in lieu of shares or units or interest held by the investment manager entity in the original fund, pursuant to the relocation, subject to conditions - Income-tax (Thirteenth Amendment) Rules, 2023 - Amends Rule 11UAC
  4. 35/2023 - Dated: 31-5-2023 - Income Tax - Income-tax (Eighth Amendment) Rules, 2023 - Exemption to buyers of PSU shares during selloff under strategic disinvestment
  5. 30/2023 - Dated: 24-5-2023 - Income Tax - Angle Tax - Start-ups Recognized by DPIIT - Provision of section 56(2)(viib) of IT Act 1961, shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares in the case of Startup, subject to conditions - Supersession Notification No. 13/2019 dated 5th March 2019
  6. 29/2023 - Dated: 24-5-2023 - Income Tax - Angle Tax - Investment in start-ups from 21 countries - Provision U/s 56(2)(viib) of IT Act 1961 shall not apply in respect of Exemption from any consideration for issue of shares that exceeds the face value of such shares, the aggregate consideration received for such shares as exceeds the fair market value of the shares - Central Government notifies class or classes of persons
  7. 92/2022 - Dated: 5-8-2022 - Income Tax - Amount received from the employer or any other person of the deceased on Death due to COVID-19 - Addition u/s 56(2)(x).
  8. 91/2022 - Dated: 5-8-2022 - Income Tax - Amount received for any expenditure actually incurred by an individual for his medical treatment or treatment of any member of his family, for any illness related to COVID-19 - Specified conditions u/s 56(2)(x) for individual to keep record of documents.
  9. 105/2021 - Dated: 10-9-2021 - Income Tax - Income-tax (28th Amendment) Rules, 2021. - Deemed income / Gift - Section 56(2)(x) - not applicable to any movable property, being equity shares, of the public sector company, received by a person from the Central Government or any State Government under strategic disinvestment
  10. 40/2020 - Dated: 29-6-2020 - Income Tax - Income-tax (14th Amendment) Rules, 2020.
  11. 12/2020 - Dated: 17-2-2020 - Income Tax - Income tax Amendment (6th Amendment), Rules, 2020.
  12. 08/2020 - Dated: 29-1-2020 - Income Tax - Income-tax (3rd Amendment) Rules, 2020
  13. 96/2019 - Dated: 11-11-2019 - Income Tax - Income tax Amendment (13th Amendment), Rules, 2019
  14. 13/2019 - Dated: 5-3-2019 - Income Tax - Provision of section 56(2)(viib) of IT Act 1961, shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares in the case of Startup.
  15. G.S.R. 127(E) - Dated: 19-2-2019 - Indian Law - Eligibility criteria for an entity to be considered as Startup w.e.f 19-2-2019
  16. 09/2019 - Dated: 31-1-2019 - Income Tax - Amendment in Notification No. S.O. 2088(E) dated the 24th May, 2018
  17. G.S.R. 34(E) - Dated: 16-1-2019 - Indian Law - Modification Notification No. G.S.R. 364 (E)dated April 11, 2018
  18. 85/2018 - Dated: 6-12-2018 - Income Tax - U/s 115JG(1) of IT ACt 1961 - Central Government notifies conditions a foreign company engaged in the business of banking in India
  19. 24/2018 - Dated: 24-5-2018 - Income Tax - Relaxation from the conditions of issue of shares at premium in excess of Fire Market Value u/s 56(2)(viib) where approval has been granted by the Inter-Ministerial Board of Certification
  20. 23/2018 - Dated: 24-5-2018 - Income Tax - Income-tax (6th Amendment), Rules, 2018 - Determination of FMV of shares and securities - Now only merchant bank can give the valuation report for the purpose of section 56.
  21. G.S.R. 364(E) - Dated: 11-4-2018 - Indian Law - Recognition of an eligible entity as startup - revised policy
  22. 61/2017 - Dated: 12-7-2017 - Income Tax - Income-tax (20th Amendment), Rules, 2017 - Determination of fair market value of unquoted equity shares and other than a quoted share
  23. 45/2016 - Dated: 14-6-2016 - Income Tax - CBDT- startup - Tax Exemption on Investments above Fair Market Value
  1. Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012
  2. Securities and Exchange Board of India Act, 1992
  3. Section 59 - Profits chargeable to tax - Income-tax Act, 1961
  4. Section 57 - Deductions - Income-tax Act, 1961
  5. Section 51 - Advance money received - Income-tax Act, 1961
  6. Section 50C - Special provision for full value of consideration in certain cases - Income-tax Act, 1961
  7. Section 49 - Cost with reference to certain modes of acquisition - Income-tax Act, 1961
  8. Section 47 - Transactions not regarded as transfer - Income-tax Act, 1961
  9. Section 43CA - Special provision for full value of consideration for transfer of assets other than capital assets in certain cases. - Income-tax Act, 1961
  10. Section 270A - Penalty for under-reporting and misreporting of income. - Income-tax Act, 1961
  11. Section 2(15A) to 2(30) - Definitions [Clause (15A) to Clause (30)] - "Chief Commissioner" to "Non-resident" - Income-tax Act, 1961
  12. Section 2(1) to 2(15) - Definitions [Clause (1) to Clause (15)] - "Advance Tax" to "Charitable Purpose" - Income-tax Act, 1961
  13. Section 194IA - Payment on transfer of certain immovable property other than agricultural land - Income-tax Act, 1961
  14. Section 155 - Other amendments - Income-tax Act, 1961
  15. Section 145B - Taxability of certain income - Income-tax Act, 1961
  16. Section 145A - Method of accounting in certain cases - Income-tax Act, 1961
  17. Section 14 - Heads of income - Income-tax Act, 1961
  18. Section 13 - Section 11 not to apply in certain cases - Income-tax Act, 1961
  19. Section 12AB - Procedure for fresh registration - Income-tax Act, 1961
  20. Section 12AA - Procedure for registration - Income-tax Act, 1961
  21. Section 12A - Conditions for applicability of sections 11 and 12 - Income-tax Act, 1961
  22. Section 102 - Definitions - Income-tax Act, 1961
  23. Section 10(17A) to 10(23C) - Incomes not included in total income [Clause (17A) to Clause (23C)] - Income-tax Act, 1961
  24. Section 10(1) to 10(10D) - Incomes not included in total income [Clause (1) to Clause (10D)] - Income-tax Act, 1961
  25. Rule 6ABBA - Other electronic modes - Income-tax Rules, 1962
  26. Rule 11UAC - Prescribed class of persons for the purpose of clause (XI) of the proviso to clause (x) of sub-section (2) section 56 - Income-tax Rules, 1962
  27. Rule 11UA - Determination of Fair Market Value - Income-tax Rules, 1962
  28. Note:- The Taxation of Cooperative Societies: A Legal Analysis of Deduction Eligibility U/s 80P
  29. Note:- Validity of reopening of assessment - need for a direct link between the portal's information and the income allegedly escaping assessment
  30. Note:- Additions made u/s 69 and Section 56 in the absence of direct incriminating evidence linking the assessee to the alleged unexplained investments and interest income. - Assessment of search and seizure
  31. Manual - Any sum received Under Life Insurance Policies -Section 56(2)(xiii) Read with Rule 11UACA
  32. Manual - Income to Unit Holder from Business Trust - Section 56(2)(xii)
  33. Manual - Compensation to employee on termination - Section 56(2)(xi)
  34. Manual - Tax on income of Unit Holder and Business Trust - Section 115UA
  35. Manual - Gift received by Individual or HUF on or after 01.04.2017 - Section 56(2)(x)
  36. Manual - Section 51 - Treatment of Advance Money received
  37. Manual - Section 45(4) and Section 9B - Treatment on transfer of capital asset to partner/member on dissolution or reconstitution of specified entity.
  38. Manual - Section 45(3) - Capital Gains On Transfer of Capital Asset By A Partner/ Member To Firm/ AOP/ BOI
  39. Manual - Valuation Rules for determination of Fair Market Value under section 56
  40. Manual - Advance money forfeited - Section 56(2)(ix)
  41. Manual - Interest on compensation - Section 56(2)(viii)
  42. Manual - Share premium received by closely held company - Section 56(2)(viib)
  43. Manual - Gift received by firm or closely held company - Section 56(2)(viia)
  44. Manual - Gifts received by Individual & HUF - Section 56(2)(vii)
  45. Manual - Chargeable Income Under Income from Other Sources - Section 56(1) and (2)
  46. Manual - Composite Rent

 

 

 

 

Quick Updates:Latest Updates