CASE SETTLEMENT INCOME AND SHARE SALE VALUE

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141 Points Posted on 08 December 2021
Hello Sir/Madam

Kindly advise me under which section of Income Tax does the CASE SETTLEMENT INCOME AND SHARE SALE VALUE need to be charged?
Thanks in advance.
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On 08 December 2021 at 18:57 Report
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This discussion seeks clarification on the specific sections of the Income Tax Act, 1961, under which income from case settlements and the value of share sales should be charged. It references sections like 112A and 245J, indicating a need to understand the tax implications for these financial events.

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My grammar is 💯 good I
7306 Points Posted on 09 December 2021

SETTLEMENT OF CASES - Income-tax Act, 1961

Section 112A and old provision Section 112A

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On 09 December 2021 at 15:51
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My grammar is 💯 good I
7306 Points Posted on 09 December 2021

Section 245J Recovery of sums due under order of settlement

Settlement of Tax Cases under Income Tax Act, 1961 | IndianTaxStudy.com

 

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On 09 December 2021 at 15:55

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