Applicability of Sec.56

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..... A partner at the time of retirement receives some amount over and above his credit balances. There are quite a few decisions that excess amount received is not subject to Capital Gain tax. My query is .....

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..... whether such excess amount can be brought to tax by the dept. u/s 56 . - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my veiw the said amount may be treated other income for the purpose of .....

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..... income tax act. - Applicability of Sec.56 - Query Started By: - Ethirajan Parthasarathy Dated:- 25-11-2020 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post .....

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..... by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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