for example
Mr. A purchase of property from Mr .B value rs:50 lacs .the stamp duty value of this property is rs:65 lacs
question:
tax treatment both both persons and sec 56 2(x) applicable in it act.
Menu
Tax treatment and sec 56 2(x) applicable
Replies (1)
U/s 56 2(x) 1500000 will be taxable in hands of Mr.b
Recent Topics :
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
Related Topics :
CAclubindia
