Applicability of section 56(2)(vii) to companies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 October 2014
Whether amendment in section 56(2) (vii) in Finance Bill 2013 regarding inadequate consideration for purchase of immovable property is applicable to companies (purchaser) ?
03 October 2014
no..it applies only to individuals and HUF...
Message likes :
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06 October 2014
correctly said only I and huf are covere by this..
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