Post by: Renu Suresh in Income Tax
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…
Post by: Sreeram Viswanath in Income Tax Legal
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…