HELLO FRIENDS....AS YOU ARE AWARE OF AMENDMENTS IN TH BUDGET 13-14 IN SECTION 56 (2) (VII) REGARDING TAXING THE DIFFERENCE BETWEEN PURCHASE PEICE AND STAMP DUTY VALUE OF A IMMOVABLE PROPERTY UNDER THE HEAD -INCOME FROM OTHER SOURCES.
THE ISSUE HERE IS-(1) FROM WHICH DATE THESE PROVISIONS ARE APPLICABLE
(2) WILL THIS INCOME FALL UNDER NORMAL TAX SLAB OR BE CHARGED @ 30%
WAITING FOR REPLIES.
THANKS
CAclubindia
