Post by: Sinduja Shankar in Income Tax
Section 56(2)(x) - Income Tax The Finance Act, 2017 introduced a new clause (x) in Section 56(2) of the Income Tax Act to provide that receipt of the sum of money or the property received by a person without any…
Post by: Sreeram Viswanath in Compliance Income Tax
Section 54 of Income Tax Act Section 54 of the Income Tax Act provides the seller of a residential property with relief from capital gains tax. The section allows taxpayers to obtain relief from capital gains tax only if the…
