Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
        Home        
 
Extracts
Home List
← Previous Next →

Amendment of section 56

Clause 21 - Bills - DIRECT TAXES - Income-tax - FINANCE BILL, 2018 - Clause 21 - 21. In section 56 of the Income-tax Act, in sub-section (2),- (A) in clause (x),- (I) in sub-clause (b), for item (B), the following item shall be substituted with effec .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

thousand rupees; and (ii) the amount equal to five per cent. of the consideration: ; (II) in the fourth proviso, in clause (IX), after the words, brackets and figure clause (i) or , the words, brackets and figures clause (iv) or clause (v) or shall b .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ermination of his employment or the modification of the terms and conditions relating thereto. . Clause 21 of the Bill seeks to amend section 56 of the Income-tax Act relating to income from other sources. Clause (x) of sub-section (2) of the said se .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

y an amount exceeding fifty thousand rupees, the stamp duty value of such property as exceeds such consideration shall be charged to tax under the head Income from other sources . It is proposed to amend the said clause of sub-section (2) of the said .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

al to five per cent. of the consideration, whichever is higher, shall be charged to tax under the head Income from other sources . This amendment will take effect from 1st April, 2019 and will, accordingly, apply in relation to the assessment year 20 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.