Sections 50C of IT Act resulting in Double Taxation?

Mayank Mohanka | Last updated: 15 February 2020

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Sections 50C/43CA/56(2)(x) of Income Tax Act concerning Adoption of Circle Rates for Computation of Capital Gain/Business Profits/Income from Other Sources on Land Building, Result in Double Taxation are Contrary to Real Income Theory!! The Finance Act 2002 has introduced a new section 50C with

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About the Author

Mayank Mohanka

Chartered Accountant

Sh. Mayank Mohanka is a seasoned Tax Practitioner, a Fellow Member of the Institute of Chartered Accountants of India and a Bachelor of Commerce, in Honours Degree from Shree Ram College of Commerce (SRCC), Delhi University. He is a Senior Partner in a Noida based established and reputed CA Firm, M/s S M Mohanka Ass ... Read more

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Sections 50C of IT Act resulting in Double Taxation?

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