New IT Rule 8AD on Computation of Capital Gains u/s 45(1B)

New IT Rule 8AD on Computation of Capital Gains u/s 45(1B) Central Board of Direct Taxes has notified the Income-tax (2nd Amendment) Rules, 2022 to insert new IT Rule 8AD on  ‘Computation of Capital Gains under Section 45(1B)‘, vide Notification…

Section 50C of Income Tax Act

Section 50C of Income Tax Act Section 50C was drafted into the ambit of income tax as a solution to the unaccounted money resulting out of property transactions. The provisions of the section apply to both land and building. In…