amendment in section 56

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..... amendment in section 56
Query (Issue) Started By: - shweta Jain Dated:- 13-1-2015 Last Reply Date:- 13-1-2015 Income Tax
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Income Tax
Is there any new amendment in section 56 of .....

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..... income tax Reply By MARIAPPAN GOVINDARAJAN: The Reply: There is no new amendment to Section 56 of the Income Tax Act after the amendments made vide Finance (No. 2) Act, 2014. However the insertion .....

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..... of clause (ix) after Section 56(2)(viii) comes into effect from 01.04.2015. (ix) any sum of money received as an advance or otherwise in the course of negotiations for transfer of a capital asset, if .....

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..... , - (a) such sum is forfeited; and (b) the negotiations do not result in transfer of such capital asset.
Discussion Forum - Knowledge Sharing .....

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