Section 56(2)(x)

  • Income Tax

Addition u/s 69A for cash gifts received on the occasion of marriage deleted

Addition u/s 69A for cash gifts received on the occasion of marriage and deposited in bank deleted ABCAUS Case Law…

1 year ago
  • Income Tax

CBDT prescribes conditions for Covid-19 related relief to employees & Transfer of Properties

CBDT prescribes conditions/records for Covid-19 related relief to employees u/s 17(2) and in Transfer of Immovable Properties u/s 56(2)(x) Section…

2 years ago
  • Income Tax

Income Tax Relief to home buyers from deeming fiction u/s 43CA and 56(2)(x)

Income Tax Relief to home buyers from deeming fiction u/s 43CA and 56(2)(x). Difference limit between circle rate & purchase…

3 years ago
  • Income Tax

Exemption from deeming provisions of section 56(2)(x). More exclusions under Rule 11UAC

Exemption from deeming provisions of section 56(2)(x). Rule 11UAC amended to include more exclusions apart from unauthorised colony in NCT…

4 years ago
  • Income Tax

Addition u/s 56(2)(ii) deleted as Law cannot ignore ground realities despite a deeming fiction

Addition u/s 56(2)(ii) deleted as Law cannot operate in vaccum de-horse ground realities though deeming section not requires any incriminating…

4 years ago
  • Income Tax

Notified unauthorised colony in NCT of Delhi to be exempted from deemed tax u/s 56(2)(x)

Notified unauthorised colony in National Capital Territory of Delhi to be exempted from deemed taxation under section 56(2)(x) of Income…

4 years ago