Amendment of section 56.

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..... pply on or after the 1st day of April, 2025. . - Clause 23 of the Bill seeks to amend section 56 of the Income-tax Act relating to income from other sources. The provisions of clause (viib) of sub-section (2) of the said section provides that where a company, not being a company in which the public are substantially interested, receives, in any previous year, from any person, any consideration for .....

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