Sec. 50C is a deeming provision and hence, the question of gift ...

Income Tax

January 10, 2013

Sec. 50C is a deeming provision and hence, the question of gift of property does not arise. - Since the transaction of gift is considered as taken place in the form of gift, the provision of sec. 47(iii) shall not apply to it - AT

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Sec. 50C is a deeming provision and hence, the question of gift ...

Income Tax

January 10, 2013

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