Web(1) Where the consideration received or accruing as a result of the transfer by an assessee of a capital asset, being land or building or both, is less than the value adopted or … WebInsertion of new section 50CA. 26. After section 50C of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely:— '50CA. …
Section 50C: Turbulent Safe Harbour! – Digest of case laws
Web12. Now, coming the merits of the addition been made taking aid of deeming provisions of section 50C of theAct, it is considered expedient to have a look over the provision of the … Web31 Mar 2024 · In this section, the significant criminal activity on which a type 2 assets forfeiture order is to be treated as being based is significant criminal activity in which any persons (as members of or participants in the organised criminal group that is referred to in section 50C (1) (a)) have been involved at any time. partner medical solutions
Criminal Proceeds (Recovery) Amendment Act 2024
Web13 Apr 2024 · The new legislation was introduced by Order under section 15 of the Income Tax Act 1995. The Income Tax (Pensions) (Temporary Taxation) Order 2010 (SD 807/10) … Web28 Jan 2024 · Section 50C of Income Tax Act, 1961 states that if the value of transaction of property or land is less then the circle rate or stamp duty rate, under this scenario the … Web1 Jul 2024 · The Central Board of Direct Taxes (CBDT) vide notification 1 dated 29 June 2024 has replaced the said Rule 11UAC of the IT Rules. As per the revised Rule 11UAC, effective from fiscal year 2024-20, the provisions of Section 56 (2) (x) of the IT Act would not apply to: Any immovable property, being land or building or both, received by a … partnermic