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Income Tax - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Addition u/s 50C v/s 45(3) - Capital contribution in the ...

Income Tax

August 26, 2023

Addition u/s 50C v/s 45(3) - Capital contribution in the partnership firm by way of transfer of Land (capital assets) by the partner - the consideration in the hand of the partner (present assessee) shall be determined as per the provision of section 45(3) of the Act and not as per the provisions of section 50C. - AT

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