Wednesday, November 13, 2019

CBDT grants exemption under section 56(2)(x) to resident of unauthorised colony

The Central Board of Direct Taxes (CBDT) has notified a new Rule 11UAC in which it provided that provisions of Sec. 56(2)(x) shall not be applicable to any immovable property received by resident of unauthorized colony.

from taxmann.com News https://ift.tt/2NGR96v
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