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Amendment of section 56.

Clause 34 - Bills - DIRECT TAXES - FINANCE BILL, 2016 - Clause 34 - 34. In section 56 of the Income-tax Act, in sub-section (2), in clause (vii), in the second proviso occurring after sub-clause (c), with effect from the 1st day of April, 2017,- (a) .....

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nsfer under clause (vicb) or clause (vid) or clause (vii) of section 47. . Clause 34 of the Bill seeks to amend section 56 of the Income tax Act relating to income from other sources. The aforesaid section, inter alia, provide for chargeability of in .....

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