Income from other sources - forfeiture of earnest money received ...

Earnest Money Forfeiture Before April 1, 2015, Not Taxable as Income Due to Section 56(2) Amendment.

March 1, 2019

Case Laws Income Tax AT

Income from other sources - forfeiture of earnest money received during the negotiation of a capital assets is not taxable as income from other sources prior to 01.04.2015 as Insertion of new subsection (IX) in Section 56(2) w.e.f. 01.04.2015 is prospective nature.

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Income from other sources - forfeiture of earnest money received ...

Earnest Money Forfeiture Before April 1, 2015, Not Taxable as Income Due to Section 56(2) Amendment.

March 1, 2019

Case Laws Income Tax AT

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